Standard Chartered Reports A 22 Per Cent Increase In Annual Forex Trading Results
BANKS
Standard Chartered Bank reports a 22 per cent increase in foreign exchange income for 1995, to £190 million from £156 million reported a year ago. StanChart's reputation as a leader in exotic currencies and its focus on customer-driven forex business were the primary contributors to the increase in foreign exchange income, officials say.
John Maxwell, global head of treasury, says the bank is "exceptionally pleased" with the results. "We have the right strategy in the treasury department of
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