Investment banks’ record year

NEW YORK – US investment banks Lehman Brothers and Morgan Stanley saw massive increases in their fixed-income revenues for fiscal 2003, they announced last week.

For both banks, this includes increasing currency revenues, although they do not give a specific figure for FX earnings within fixed income.

Lehman Brothers earned $4.4 billion for fixed income in the 12 months ending November 30, a 68% rise on last year’s figures of $2.6 billion. The “near-record” revenue levels reflected both

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: