FX Week

National Australia Bank FX profits on the up

BANKS’ INTERIM FX RESULTS

MELBOURNE -- National Australia Bank recorded increased FX revenues for the year ending September 1 2001, John Richards, New York-based global head of FX, told FX Week.

Specific figures will be available with the release of the annual report this week, but Richards said the FX revenues were up 40% compared with last year, and that all NAB’s major dealing centres contributed to the uptick. "FX had a record year, with increased revenues in all centres," he told FX Week. "The result was driven b