Citibank Slides As Chase Picks Up In FX: USBanks Interim Results

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NEW YORK--Citibank’s reign as top global forex bank could soon be challenged by domestic rival Chase Manhattan, according to US commercial banks’ interim results published last week.

Chase has been steadily creeping up the ranking tables. In first half of 2000, the bank increased its forex profits by 30 per cent year-on-year to $537 million for H1 2000.

While Citi remains at the top of the league table with $691 million for H1, 2000, the bank has shown modest but steady downturns in its income