Bank of Scotland reports foreign exchange gains of £6.4 million for the six months ending on August 31 compared to £9.2 million in the corresponding period of 1993. "The reduction in forex earnings was a reflection of lower activity by customers," a bank spokesperson says.

Margin trading in foreign currencies in Singapore has reached a volume of "several billion dollars a day, according to the Singapore daily Business Times. The newspaper alleges that some foreign bank branches have abandoned

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