ODD LOTS
ODD LOTS
American Express Bank reports FX income of $17 million for the third quarter of 1999, down 43 per cent from $30 million last year. The result was an improvement on the $14 million posted in the prior quarter.
Nordic banking group MeritaNordbanken reports third quarter operating profit of €282 million ($301 million), a slight increase on the second quarter. Although the group does not break out an FX figure, it reports that 'earnings from foreign exchange trading sustained an unchanged level.'
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