HSBC fails to repeat 2008 performance in FX


LONDON – HSBC failed to repeat the record figures reported in 2008 for its foreign exchange operations, according to its most recent full-year results. The weaker performance in 2009 mirrors the results of rivals Royal Bank of Scotland and UBS.

The results, reported on March 1, were broken down for the division by operating income (the amount of profit realised from a business's own operations but excluding some expenses such as depreciation from gross income). Operating income came in at $2.98

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