Amex Bank’s FX revenues rising

- By FX Markets Staff
- @FXMarkets_
- 03 Feb 2003

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The bank was able to maintain steady forex revenues due to activities in its wider group, it said in its financial report. It noted in particular a joint FX venture with American Financial Advisors, which had offset lower market volatility. "Foreign exchange income and other revenue increased 18% on higher revenue from lower funding costs within premium deposits [the joint FX venture with American Express Financial Advisors]," it said in a statement.

"Overall, we have adapted very well to a

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