US banks see slumped FX revenues in 2002

- By FX Markets Staff
- @FXMarkets_
- 20 Jan 2003

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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 - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com