Swiss and French banks declare a healthy 2006
NEWS
Forex revenues at UBS increased 13% to Sfr461 million ($373.2 million) in the fourth quarter of 2006, up from Sfr409 million a year ago. The bank said this was mainly due to higher client volumes.
Revenues from the fixed-income business at Credit Suisse jumped 37%, from Sfr7.0 billion to Sfr9.6 billion. The investment banking segment overall reported record income from continuing operations before taxes of just under Sfr6.0 billion – an increase of Sfr4.4 billion on 2005.
The bank said this was
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