Forex performs strongly in Italy
MILAN - Foreign exchange again performed strongly despite overall weak bank results, as UniCredit revealed it will seek E4 billion in government aid.
The Italian bank released its results last week (March 18) and revenues from FX and interest rates totalled E299 million ($390 million) for the fourth quarter, up by E44 million from the corresponding period in 2007. For the full year, foreign exchange and rates revenues fell by only 2% from 2007 to E1.06 billion. This is despite the fact that for
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