HSBC Holdings Reports Slight Decline In Foreign Exchange Revenues For 1996
BANKS
With the final UK bank reporting 1996 FX trading revenues last week, the overall performance picture is rather disappointing with just two banks reporting nearly flat year-over-over earnings from forex trading. HSBC Holdings reports a 2 per cent dip in FX dealing profits to £354 million from £362 million a year ago, putting it ahead of its UK counterparts (FXW, March 3).
During the first half-year period, HSBC Holdings reports a 23 per cent increase in FX dealing profits to £190 million from £154
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