Amex and HVB FX results growing

Year-to-date FX revenue is $159 million, a 21% increase compared with $131 million for the first nine months of 2002.

Amex’s results complete the line-up for US commercial banks, placing it below Citigroup, with $478 million, State Street Corporation’s $101 million and Bank of New York, with $92 million.

FleetBoston, Mellon Bank and Northern Trust complete the picture.

Third-quarter revenues generally rose after one of the most volatile Q3s on record, as widespread activity in the majors and