Q3 U.S. Bank Forex Revenues Slide Compared To 1993 Bumper Results

BANKS

Foreign exchange income at U.S. banks fell sharply in the third quarter against their bumper revenues for the same period of last year. Despite a continued lacklustre market, however, some banks managed to improve their performance over the second quarter.

Market leader Citicorp, however, did not have a good quarter by any measure. The bank reported $182 million in foreign exchange revenue for the third quarter, a 30 per cent fall on a quarter-to-quarter basis, and 26 per cent below the $245

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: