Barclays Officials Say 'Mistakes' Led To Big Fall In 1994 FX Gains


Barclays Bank had a poor year in FX in 1994, officials admitted last week. Barclays, whose FX group is run by its BZW division, "made a mess" of FX last year, chief executive Martin Taylor told a reporter. Gains in FX fell to £89 million from a restated £136 million in 1993. Dealing income overall was also nearly halved year-on-year, dropping to £384 million from £657 million in 1993, according to final outturn figures.

Taylor said part of the problem was poor market conditions, but some was of

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 -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: