HSBC Cites Customer Business Behind Higher Forex Revenues


HSBC Holdings reports a slight year-on-year improvement in its annual foreign exchange dealing profits, to £362 million, up 5.5 per cent from the £343 million reported for 1994. HSBC Midland treasurer Guy Heald says the increase was due mainly to "improved customer volumes."

The first half proved harder than the second, dragging down profits overall, says Heald. In the second half, HSBC pulled in £208 million from FX, a 35 per cent rise over the first half's £154 million. Most U.K. banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: