US Investment Banks Report Increased FX Trading Profits

FRONT PAGE NEWS

NEW YORK--US investment banks profited from expanding FX operations in 2000 to boost their market-share of global FX trading, say officials at banks in New York and London.

Officials spoke to FX Week following publication of the US investment banks' annual results, which were published last week. The banks operate a fiscal year ending November 30, 2000.

Lehman Brothers' London-based European head of FX, Ivan Ritossa told FX Week the bank had "significantly" increased its revenues from FX tradi