1997 FX Results Should Prove Strong Among UK's Major Reporting Banks


LONDON--The five major UK banks are generally expected to post strong annual FX trading revenues over the next few weeks, reflecting strong second half volatility fuelled by the currency crisis in South East Asia, say currency analysts in London. HSBC Holdings and Standard Chartered Bank in particular are likely to show healthy returns due to their strong presence in the Asian markets.

Major US banks have already shown marked increases in annual FX revenues, with a number reporting record

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