
Barclays Officials Say 'Mistakes' Led To Big Fall In 1994 FX Gains
BANKS
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 - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com