UBS Turns In Strong FX Results, Placing Second To Citibank In 1H
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ZURICH--The major Swiss banks have reported first half results; however, Credit Suisse Group is not publicly releasing a separate account of interim forex revenues.
UBS reports half-year revenues from FX and bank note trading were CHF965 million ($634.9 million), which places it behind Citibank as the second largest international forex trading bank at the interim stage.
This is contrary to a previous FX Week article (FXW, August 31) in which a UBS spokesperson stated that interim FX earnings
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