News In brief
HSBC up in Mexico
Total foreign exchange revenues at Grupo Financiero HSBC jumped 44% to reach 744 million Mexican pesos ($58 million) in September, up from 516 million pesos in September 2007.
Forex revenues helped drive a 47% increase in total operating income within the bank's global markets division. Global markets income, which incorporates quarterly FX earnings, reached 1.55 billion pesos, up from 1.05 billion pesos last September.
"During the third quarter of 2008, Mexican companies had to
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