CitiGroup Climbs Higher With Record $1.6 Billion At Year-End X

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NEW YORK--CitiGroup last week reported record full-year FX revenues of over $1.6 billion for 1998, securing the bank's position as the clear market leader in the global foreign exchange business.

The final batch of year-end FX results from the US commercial banks also underlines that the business continues to be highly profitable for all sectors of the market.

Total combined FX revenue from the top ten reporting US commercial banks was over $4.6 billion last year, up 16 per cent on the $3.95