European banks up in Q2
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Forex revenues at HSBC surged 41%, reaching $844 million in Q2. The business line was also up 40% for the first half of 2006 versus the same period last year.
Forex revenues at the bank remained strong due to successful positioning against the back-drop of increased currency volatility, particularly in emerging markets, it said.
Revenues in sales and trading for debt and other products including forex were the best ever for a second quarter at Deutsche Bank, it said. Revenues increased by 46% to
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