Volatile markets help UK banks
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LONDON -- Volatile currency trading in the second quarter helped the major UK banks report record first-half FX revenues last week.
HSBC, Barclays Capital and Lloyds TSB all reported upticks of between 10% and 25% year-on-year on the back of excellent trading conditions as the dollar plummeted. And for emerging markets specialists HSBC and Standard Chartered, trading in the Asian currencies boosted returns hit by the stricken Latin American currency markets.
"We have not had this kind of
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