Top Australian banks report bumper FX profits
NEWS
However, Australia's three largest banks all recorded increased FX profits for the year to the end of September, due to a volatile market during the first half of the year.
NAB reported A$24 million in annual FX income, A$19 million of which was earned in the first half. This figure will offset the A$24 million lost in a forex options trading scandal, which has been incorporated into the bank's losses in the 2006 report. Last year, NAB reported A$22 million in FX revenue. John Stewart said NAB
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