NEWS IN BRIEF
NEWS IN BRIEF
JP Morgan Reports Forex And Interest Rate Earnings Down
JP Morgan's interest rate and forex revenues were down 25 per cent year-on-year for first quarter, 2000.
The firm reports revenues of $489 million--down from $649 million in 1999.
The decrease was due to lower trading results and client activity in interest rate derivatives, says the bank, while foreign exchange activities were in line with last year.
"Less investor demand for yield-enhancing transactions in the rising interest rate
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