StanChart reports income rise
Average daily income from customer FX business during the six months ending June 30 reached $3 million, up from $2.6 million for the first half of 2006.
StanChart said the business line benefited from strong growth in Hong Kong, Singapore, Malaysia and India in particular. It named India as the strongest single growth market for FX, with the business line behind a 70% rise in operating income for the first half, at $280 million. This was alongside transaction banking revenues, with both
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