UK Banks' 1H Results Show Benefits Of A-P Operations
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LONDON--HSBC Holdings leads the UK pack of FX reporting banks at the half-year stage, with earnings up 30 per cent year-on-year. However, Standard Chartered Bank is narrowing the gap for second place, reporting FX profits up 111 per cent on the same period last year.
The continued strong results from both HSBC and StanChart reflect the two banks' dominance in the Asian currency markets.
Officials from both banks say they are continuing to benefit from the flight to quality in the Asia-Pacific
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