Lloyds TSB Shows Solid 1995 FX In First Joint Reporting Period

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In its first earnings report as a combined entity, Lloyds TSB Group reports improved FX trading income for 1995. Alan Moore, deputy chief executive and treasurer says the FX portion of the earnings are "perfectly respectable" and reflects Lloyds' focus on customer driven, and not speculative, forex business.

Lloyds TSB reports £122 million in FX trading income for 1995, a 13 per cent increase over 1994's £108 million. Last year, Lloyds Bank separately reported its FX trading income as £105 mi