Bank Of America FX Earnings Strong In Fourth Quarter
BANKS
Bank of America, the second-largest U.S. bank, last week announced strong foreign exchange revenues for the fourth quarter. The West Coast bank joins the ranks of institutions that profited from last fall's volatility in the currency markets (FX Week, January 25).
Bank of America's fourth-quarter foreign exchange earnings rose 36 percent to $94 million from $69 million a year earlier. "It's a tremendously volatile item," says a Bank of America spokesperson." There's no assurance that we can
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