BoA revenues dwarf merger partner’s

The bank’s annual report reveals Bank of America made $549 million from trading-related revenue for foreign exchange last year -- dwarfing Fleet’s 2003 FX revenue of $71 million.

"The growth in our overall trading reflects the strength of our debt sales and trading platform, which capitalised on the tightening of credit spreads and stronger distribution capabilities in the investor market," said BoA in the report.

Together, the two banks’ combined revenues of $620 million place it eighth on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: