FX Week



UnionBanCal Corp announced its first earnings report since its merger on April 1 between Union Bank and BanCal Tri-State Corp. The bank reports a nearly 11 per cent decline in second quarter international services and foreign exchange of $20.45 million, compared with $22.93 million a year ago. For the six months ended June 30, UnionBanCal reports a 9 per cent decline in FX and international services, to $40.42 million from $44.4 million a year ago.

Currency-oriented funds topped the July co

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