Citigroup’s revenues rocket
FRONT PAGE NEWS
NEW YORK -- Citigroup strengthened its position as the world’s top foreign exchange bank last week, reporting FX trading revenues of just over $1 billion for first-half 2002.
Up 31% compared with revenues of $764 million for the same period in 2001, the result is Citi’s best ever six-month figure -- at a time when many other global players cite lower volatility and reduced client activity for their decreasing numbers.
Richard Moore, global head of FX at Citi in London, told FX Week: "We are
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