UK Banks Report Lower Year-End '96 Foreign Exchange Trading Revenues
BANKS
The remainder of the UK banks releasing foreign exchange trading revenues for 1996 are continuing to show lower results for the period (see table, below). HSBC Holdings releases earnings today and so couldn't be included in this report, but NatWest so far shows the highest revenues, reporting nearly flat year-on-year earnings from forex income of £231 million for the year, while Standard Chartered Bank reports a 14 per cent decline in FX revenues to £164 million.
BZW and Lloyds previously
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