STATISTICS
STATISTICS
Trading profits at NatWest Markets were lower in the first quarter of 1997, reports the bank. "This was mainly caused by the charge in respect of the losses on interest rate options," said Lord Alexander, chairman of NatWest Group, at the bank's annual general meeting.
In response to the recent mispricing of interest rate options at NatWest Markets (FXW, March 17), Lord Alexander said these losses stemmed from errors in the interest rate options business which its control systems failed to
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