Mixed results for European banks
NEWS
Although SG does not break out its FX results, the French bank's corporate banking and fixed-income division saw strong returns for the overall fixed-income business. For the year 2005, the bank saw a 13.9% increase in revenue, jumping to €1,113 million from €€977 million in 2004.
The bank saw a sharp rise of 24.7% for the fourth quarter of 2005, with revenues at €373 million, dwarfing the €€299 million the bank posted for the same period last year.
Meanwhile, Swiss bank UBS saw mixed fortunes
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