Barclays Capital and Lloyds TSB Report 2000 FX Trading Results Flat On Last Year

NEWS

LONDON -- Barclays Capital reports total FX income rose slightly in 2000.

The bank reports FX income of £388 million in 2000 -- up from £380 in 1999. That figure includes retail and wholesale FX.

A statement released by the banks said the Rates Division, the majority of which is foreign exchange, "continues to perform well." The report notes that the interest rate derivatives group performed particularly well.

Meanwhile Lloyds TSB last week reported FX income rose 6% in 2000 to £141 million.