U.S. Banks FX Revenues Show Rising Trend In First Quarter


U.S. banks continue to show generally higher revenues from their foreign exchange activities on a year-over-year basis as more banks report earnings, officials say (FXW, April 24).

The major money-centre banks appear to be the prime beneficiaries of the more well-defined trends and increased customer activity that characterised much of the quarter, although excessive levels of volatility and a lack of liquidity became concerns for market participants during the latter part of the quarter.


To continue reading...