Citibank Dominates As U.S. Banks Post Strong FX Gains In Second Quarter
BANKS
Most of the top foreign exchange trading banks in the U.S. are logging extraordinary gains for the second quarter, with Citibank leading the pack as it posted forex revenues more than 80 percent higher than those in the same quarter last year.
Senior FX executives at leading banks say the market provided opportunities to make gains, which in themselves generated a good deal of client interest. For example, the yen rally, which was in place basically from the beginning of the quarter through the
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