RBS sees currencies business decline

Third quarter results for the business line came in half the value of Q2 income, where currencies made £384 million. RBS said currencies income declined, with no repeat of the favourable market conditions of the first half.

The rates flow business however remained strong, generating income of £694 million, benefiting from good client activity, with income up 29% versus Q2, the bank said. The bank did not provide Q3, 2008 comparatives.

Meanwhile, in an interim statement HSBC said volatile markets

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