FX trading down for ABN Amro
NEWS
The Dutch bank saw a drop of 21.1% in foreign exchange dealing to e542 million in 2005 from e687 million for 2004. A spokesperson at the bank said the fall was due to currency losses across asset classes and reclassification due to changes in accounting rules.However, overall trading income saw an increase of 66%, with derivatives trading up 145.5% to e933 million in 2005.
ABN Amro saw an increase of 34.9% to e1.8 billion for its fixed income, futures and FX (FIFF) business. It said this was
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