RBC Leads Canadian Banks In FX Revenues, With Record Results For Fiscal Year-End 1997
BANKS
The first wave of Canadian banks reporting results are showing higher FX revenues for the latest fiscal year ended October 31. So far, Royal Bank of Canada (RBC) leads the pack, reporting record forex trading revenues for the period, according to David Barnett, co-head of global FX, based in London.
Most Canadian banks report FX trading revenues along with associated income from the retail branch networks, so this combined figure is reported for comparison purposes, unless otherwise noted.
Earning
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