BofA forex profits rise, says FX chief
NEWS
CHARLOTTE, NC -- Bank of America reported its annual earnings last week, and although it does not break out an FX figure until its annual report is published, forex profits were up, Beau Cummins, global head of FX at Bank of America told FX Week.
"We had an up year in foreign exchange in spite of a difficult economic environment," he said.
The bank streamlined its operations throughout 2001, and saw a string of high-profile departures, such as Richard Breslow, global head of FX trading in New
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