Euro Calm Hits Scandinavian Banks' Interim Foreign Exchange Earnings
BANKS
HELSINKI--Most of Scandinavia's forex trading banks reported a slight decline in FX profits at the half-way stage, due to a lack of volatility ahead of the introduction of the euro, as well as to restructuring costs, say market officials.
However, Danish banks Unibank and Den Danske Bank report strong gains in FX for the first half. The two banks figured among FX Week's Top 50 FX ranking of international reporting banks for the first time earlier this year, following strong 1997 results (FXW
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