Thursday, May 5, 2011

Deutsche Bank Retains Top Rank in Currency Trading

Thursday, May 5, 2011

LONDON—Deutsche Bank AG withstood a drop in market share to retain its position as the world's largest currency-trading bank for the seventh consecutive year, according to the annual Euromoney foreign-exchange survey.

Barclays Capital, a unit of Barclays PLC, broke through to second place for the first time, ousting UBS AG after six years, which fell to No. 3, in a move that reflects a focus by the U.K. bank on this business.

On a percentage-point basis, Deutsche Bank saw the biggest drop in market share of any top-20 bank, to 15.64% in 2011 from 18.07% in 2010. All three top ...

Powered By | Full Text RSS Feed | Amazon Plugin | Hud Settlement Statement


Post a Comment