Forex drives major bank earnings
NEWS
Credit Suisse's FX business teamed with its commercial mortgage-backed securities, emerging markets trading and leveraged finance businesses to generate fixed-income trading revenues of Sfr2.755 billion ($2.25 billion) in Q4 2006, a 76% gain from Q4 2005.
At Standard Chartered, FX and derivatives products drove rates and FX growth across the core markets of Korea, India, the Middle East and South Asia. This in turn paved the way to a 32% growth in the firm's global markets business, which
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