US banks see slumped FX revenues in 2002

The first wave of full-year results from US banks showed that falling client business and dwindling volatility hit FX desks hard.

State Street reported FX trading revenues of $300 million for the full year 2002, down 19% from $368 million in 2001. The results reflected low currency volatility, said the bank.

Latin America specialist Fleet Financial took the biggest hit. Its FX revenues slipped 75% to $59 million in 2002 from $239 million in 2001. This was partly due to Argentina continuing to be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: