Rate climate boosts forex profits for RBS and HBOS

NEWS

LONDON -- Royal Bank of Scotland and HBOS -- the newly merged Halifax and Bank of Scotland -- reported strong dealing profits in their 2001 financial results announced last week. Both banks cited last year’s favourable interest rate climate as a boon to their trading businesses.

Brian Crowe, treasurer at RBS in London, told FX Week: "All dealing activities benefited from more favourable market conditions last year, resulting from interest rate cuts by the Federal Reserve, the Bank of England

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: