
State Street and BoNY buck earnings downtrend
Bank of New York saw a 15% year-on-year rise in its FX and other trading activities to $154 million in H1. "Foreign exchange activity recovered modestly in the [second] quarter as a result of increased volatility," said the bank.
Boston-based State Street’s FX trading revenues rose by 10% from the previous year to $175 million, up from $159 million for H1, 2002.
JP Morgan Chase, which does not report FX revenues, also saw a strong FX performance across the board during the first half of the year
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]