Q3 boom for US banks
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NEW YORK -- In a difficult market environment, Citigroup and Bank of New York both reported impressive leaps in FX trading revenues in interim third quarter results released last week.
"Given the reduction in large merger and acquisition-related flows, this year has been a tougher environment for foreign exchange, global head of FX at Citigroup in London, Richard Moore, told FX Week. "But our diversified revenue stream meant this has had less impact on our overall results than some of our
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