Lloyds Overtakes Barclays Showing Steady Gains From FX At Year-End

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LONDON--Results from the first of the UK banks to report 1998 earnings are showing mixed success in the volatile markets last year.

Lloyds TSB Group has regained its place ahead of Barclays Capital, with dealing profits from foreign exchange up 7 per cent on the previous year, to £112 million ($185.9 million), from £104 million ($171.6 million) last year.

Barclays reports a 24 per cent decline in FX and commodities dealing profits, to £100 million ($166 million), from £132 million ($217.8 mill