U.K. Banks Report FX Trading Gains But First Half Proves Disappointing


Despite optimistic predictions from officials about first half results (FX Week, July 27), the U.K. banks, with the exception of National Westminster Bank, have reported disappointing numbers for foreign exchange earnings--although overall profits rose for some.

Lloyds Bank posted a £369 million pretax profit overall, up from £331 million for the same period in 1991. But forex trading revenue remained static, dropping from £40 million in June 1991 to £39 million for the first six months of

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: