"Better market" boosts UK banks' FX

NEWS

LONDON -- Improved market conditions in 2001 boosted UK banks' FX trading revenues, according to annual results announced by Standard Chartered, Barclays Bank and Lloyds TSB last week.

"A flat yield curve in the US dollar created a tough environment in 2000," Mike Rees, global head of global markets at Standard Chartered in Singapore, told FX Week. "But in 2001, we saw both volatility and steepness to the yield curve, which led to increased customer hedging and risk management activity."

Stand

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: