U.S. Banks Report 1st Quarter FX Gains Citibank, Morgan, Chase Lead The Way
BANKS
Banks either caught it or got caught by the dollar's dramatic rise in March judging by the first quarter trading revenues from a host of the major U.S. money center banks. While the dollar's dramatic rise helped a number of the banks overcome a sullen January to post impressive foreign exchange trading revenue gains in the first quarter, some found themselves unable to capitalize on the volatility.
Citibank, J.P. Morgan, Chase Manhattan Bank and Manufacturers Hanover Trust found themselves in the
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