Citibank Reports Record FX Earnings, Leading US Banks In Strong Returns
BANKS
Citibank posted record annual FX trading revenues of $1.225 billion last week, leading the pack of US commercial banks that all reported strong across-the-board results (see table, this story below). Citibank's record results are the highest ever recorded among international FX trading banks since FX Week began tracking earnings in 1989. However, others also put in strong performances, including Chase Manhattan Bank, which nearly doubled its annual FX earnings.
Heightened market volatility
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