CBA markets revenues plummet
SYDNEY – The Commonwealth Bank of Australia has attested to a significant drop in net interest income within its markets operations in the second half of 2009, according to annual results released last Wednesday (February 10).
Markets income, which includes foreign exchange, fell 43% from the second half of 2008 to the six months to 31 December 2009, which the bank attributed to improved market liquidity eroding interest margins in offshore markets.
Despite this slip, CBA said its foreign exchange
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