U.S. Banks Report Mixed Bag Of Foreign Exchange Income To Fed
BANKS
Late reports for U.S. banks' foreign exchange income in 1993 show deeper declines in earnings than those already posted by the top U.S. banks in January. At that time, the bigger banks were basically flat in a yearly comparison of FX earnings, while the mid-sized banks showed large increases (FX Week, January 24).
Full-year foreign exchange income for a number of the U.S. banks that do not break out FX trading gains in regular quarterly reports can be obtained from filings they are required to
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