Eurozone fragmentation

Eurozone fragmentation

Special focus

Swiss franc: special focus

Swiss franc: special focus

The SNB euro peg shift has far-reaching implications

FX survey 2013: Deutsche clings on despite Citi’s resurgence

by Peter Lee

For all the fragmentation in the FX market, the top four banks further consolidated their dominance of customer business, according to the 2013 Euromoney foreign exchange survey. As volumes rise again in FX, volatility returns and banks’ earnings from it recover, margins are still compressing. Customers are focused on cutting transaction costs. Banks face big demands on scarce IT resources.




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