Citi Tops $1 Billion After Q3, Leading US Banks In FX Results


NEW YORK--Citibank is on course to break its record earnings of 1997 following strong third quarter FX trading results, which have pushed the bank's year-to-date revenues over the $1 billion mark.

Overall, however, results were mixed among the US banks, with the biggest slide recorded by BankAmerica, which showed a 52 per cent decline from last year.

"It has certainly been an eventful quarter," says one forex manager. "I think the bread and butter FX business is doing very well at the moment--