U.S. Banks FX Revenues Show Rising Trend In First Quarter
BANKS
U.S. banks continue to show generally higher revenues from their foreign exchange activities on a year-over-year basis as more banks report earnings, officials say (FXW, April 24).
The major money-centre banks appear to be the prime beneficiaries of the more well-defined trends and increased customer activity that characterised much of the quarter, although excessive levels of volatility and a lack of liquidity became concerns for market participants during the latter part of the quarter.
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