Citibank Tops the Charts In Forex; HSBC, Chemical, NatWest Leap Ahead
BANKS
A ranking of the world's top foreign exchange banks by their reported 1992 FX income compiled by FX Week shows--as expected--Citibank ahead of the pack by a large margin. The U.S. giant made 51 percent more in FX last year than its nearest rival.
In compiling the rankings, FX Week used U.S. dollar conversion rates prevailing on December 31, 1992. This, and the fact that reporting banks use different methods and components to account for FX earnings, may result in distortion of figures and
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