U.S. banks haven't been the only ones posting sizable foreign exchange trading revenue gains. Bank Julius Baer, which reported that net earnings fell by 22 percent in 1990, noted that higher net interest income and better results from trading in foreign exchange helped cushion the blow. ABN Amro also reported that its Dutch foreign exchange trading operation performed well in the second half of 1990.

London Calling: Morgan Grenfell is hunting for a European currency swap trader to join the Off

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