Softer Foreign Exchange Trading Gains Likely At U.S. Banks In Second Quarter
BANKS
While overall results at most U.S. banks will likely prove brighter in the second quarter, foreign exchange trading gains probably won't, bank officials and traders surveyed say. In fact, revenues from currency trading operations will likely fall far short of those posted in the first quarter and those posted during the same period a year ago.
A number of factors were cited for the expected slide, including unusually light corporate activity, more modest institutional participation, and a lack of
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