Annual Forex Revenues Drop Off At Bank Of America, Amex Bank

BANKS

Bank of America's foreign exchange-related trading revenues totalled $43 million for 1994's fourth quarter, compared with $55 million for the fourth quarter of 1993. For the year, BoA generated $237 million in forex trading-related revenues, down from the $325 million it earned in 1993.

Fourth-quarter foreign exchange revenues at American Express Bank totalled $16 million, compared with $19 million a year ago, and $17 million last quarter, officials say. For the year, Amex Bank posted $72 mi

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