Some Big Winners Among U.S. Banks In 1991 Citi, BofA, BNY Report Record Forex Gains
BANKS
With almost all the votes counted, it appears that 1991 didn't turn out to be such a bad year in the foreign exchange market after all. On average, U.S. banks managed to rake in about the same amount of money they did last year, and some did much better. Citibank posted its most impressive returns to date in the fourth quarter and for the year. Bank of America and Bank of New York also reported record foreign exchange trading revenues in 1991.
But Citi's performance alone couldn't quite lift
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