Forex revenues rise, but banks wary
LONDON - Bumper foreign exchange revenues continued to be highlighted in a raft of bank results released last week, with Royal Bank of Scotland (RBS) concluding the week by reporting a 40% rise in currency income to £976 billion.
In its first-half results, released on Friday (August 7), RBS said overall global banking and markets (GBM) income totalled £7.83 billion on the back of the "favourable market conditions". However, the bank sounded a note of warning that these conditions would not
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