Royal Bank Of Scotland Forex Gains Hold Steady In 1995 Interim Report

BANKS

Expansion in customer volume kept Royal Bank of Scotland's 1995 interim foreign exchange revenues flat against those posted for the same period last year, say officials. The bank has substantially increased its staff and market profile in the past year and has recently announced a treasury and capital markets restructuring along global lines.

Treasury and capital markets chief Tim Goode says the bank's FX income was £34 million, the same as for the 1994 interim. Overall dealing profits were £