Bank Of America Going Strong One Year After SecPac Merger
BANKS
Bank of America posted foreign exchange trading revenues of $76 million for the third quarter of 1993, 17 percent less than its revenues for the same quarter last year, the first in which it reported combined revenues following its merger with Security Pacific Bank.
Despite improvement in foreign exchange earnings for the bank over the combined performance of the two banks separately, BofA, like other U.S. banks, found it hard to match the extraordinary gains from the first European Monetary
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