Royal Bank of Scotland's forex in Q4 falls on 2008
LONDON – Royal Bank of Scotland said revenue in its currencies and commodities division fell to £175 million in Q4, 2009, versus £413 million in the prior year period.
A spokesperson said this was due to an exceptionally busy Q4, 2008. The bank, which is majority owned by the UK government, said that on a quarter-on-quarter basis revenues were higher. It had recorded revenue of £147 million in the previous three months.
Foreign exchange falls within the global banking and markets division at
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