Revenues up for Singapore's 'big three'
United Overseas Bank (UOB) and Overseas Chinese Bank Corporation (OCBC) both reported FX revenue rises of more than 70% for the first half of this year compared to the same period in 2002.
The Lion City's third major bank, Development Bank of Singapore, did not give specific FX revenues in its financial results and would not reveal them to FX Week.
However, Tony Raza, vice-president of investor relations at the bank said FX revenues had increased from the first half of 2002 to the first six
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