HSBC Holdings Posts 21% Drop In FX Income For 1995 First Half

BANKS

Foreign exchange income dropped at HSBC Holdings and most of its subsidiaries in the first half of 1995, the bank reported last week. For the holding company, which includes Midland Bank, HongkongBank, Hang Seng Bank and other subsidiaries, FX gains fell 21 per cent from £196 million in the first half of 1994 to £154 million this year.

Gains were slightly higher than the £147 million posted for the second half of last year. Total trading income tripled year-on-year, however, from £73 million