HSBC Shows Dip In FX Profits But Holds Onto Lead In UK
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LONDON--Annual FX results from the remaining UK banks continue to show uneven success, although generally it proved a strong year for foreign exchange.
HSBC Holdings continues to lead the UK rankings despite a slight year-on-year decline in FX revenues, due to narrowing spreads in Asia during the second half.
The group reports FX dealing profits dipped 5 per cent for the year to £574.1 million ($953 million) from £604.8 ($998 million) the previous year.
Meanwhile, Standard Chartered Bank, which
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