CitiGroup Reports First Quarter Forex Revenue Of $391 Million
BANKS
NEW YORK--Several weeks after its domestic competitors, CitiGroup has finally released a first quarter revenue figure from foreign exchange trading. The results were published in the regulatory "10Q" filing to the Federal Reserve Bank.
The bank reports FX trading and related net interest income of $391 million for Q1, 1999, a slight increase from the $386 million posted a year ago.
The gains were made in market conditions that presented little widespread trading opportunity, indicating that the
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