Amex Bank’s FX revenues rising

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 d