HSBC strides into second place in FX dealer ranking
NEWS
LONDON -- HSBC is making steady gains in its foreign exchange business, and last week reported a 16% uptick year-on-year in forex dealing profits to $1.12 billion for 2001. The result -- a steady growth from $965 million in 2000 and $818 million in 1999 -- places HSBC second only to Citigroup in terms of FX trading revenues reported so far this year.
Rob Loewy, head of FX at HSBC in London, said the bank’s growth in 2001 came from all regions, with a particular boost in the Americas as a result
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