LOOSE CHANGE
LOOSE CHANGE
Two of the four British clearing banks announced their 1990 earnings earlier this week and despite impressive gains in pretax profits from 1989 levels, foreign exchange trading revenues were flat to lower. Lloyds Bank announced pretax profits of 591 million pounds sterling, up sharply from the 715 million pounds sterling loss posted in 1989 after it took huge provisions for its LDC debts. But despite the apparent recovery, actual earnings were down in 1990 over 1989. In addition, gross foreign
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