Lloyds Posts FX Trading Gains Of £40 Million In First Half
BANKS
Lloyds Bank reported first half results for 1991 last week posting a slight rise in overall before-tax profit, but a slight fall in gross foreign exchange trading revenues. Foreign exchange trading revenues were £40 million for the period, compared to £42 million for the same period last year. But this performance is a major improvement over the second half of 1990, during which Lloyds forex operation grossed only £20 million.
Lloyds assistant general manager for treasury, Ian Love, attributed
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