FX Markets



Swiss Bank Corp reports CHF592 ($405 million) in foreign exchange and bank notes trading income, up 43 per cent from the CHG415 million ($331 million) reported for the year-ago period, but off about 10 per cent from the CHF660 reported at year-end. First-half revenues for the Swiss banks were converted using Reuters exchange rates of 1.4610 dollar/Swiss franc on June 30, 1997 and 1.2541 on June 28, 1996.

Meanwhile, the Union Bank of Switzerland (UBS) reports a 38.2 per cent increase in FX and

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