HSBC to hit $1 billion FX target
FRONT PAGE NEWS
LONDON -- HSBC looks set to break the $1 billion forex profits barrier for the first time since 1997 this year, according to the bank’s interim report, which was published last week.
The bank reported foreign exchange dealing profits of $520 million for the first half of 2001, a performance that if repeated in the second half of the year will push HSBC through the magical $1 billion mark.
HSBC last topped $1billion in FX in 1997, and only three other players -- Citigroup, Credit Suisse First
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