Most U.S. Banks Post Lower Revenues From Foreign Exchange Dealing In Q1


As generally expected, foreign exchange trading revenues were lower in the first-quarter earnings reports released by most U.S. banks last week, compared to a year ago (FXW, April 12).

Citibank was the top-performer for the period, although first-quarter earnings were down 33 per cent compared to a year earlier. Citibank reports $205 million for the quarter, off from the $305 million last year, but up by 17 per cent from the fourth quarter, when the bank posted $175 million in FX revenues.


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: