UK Banks Show Mixed FX Results In Latest Interim Earnings Reports

BANKS

The foreign exchange trading revenues at the remainder of the UK banks reporting interim results are continuing to show mixed returns for the period, although the results are up slightly compared to last year.

HSBC Holdings reports a 23 per cent increase in foreign exchange dealing profits for the period, to £190 million from £154 million during the first half of 1995. First half earnings were off by about 9 per cent from the £208 million posted in FX for the second half of last year.

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