FX Officials In London Say Trading Revenues Provide Unreliable Gauge Of Trading Income
BANKS
Analysts and foreign exchange officials who regularly pore through bank balance sheets in an attempt to determine which trading desks are making money and how much, may be spending their time in vain. A survey of industry officials in London reveal that the figures provide an unreliable gauge of foreign exchange trading income. They say that the costs reported and the revenues included in the category vary so dramatically from bank to bank that any attempt to compare the numbers is of little use
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