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BofA Bets Big on Steady Revenues From Transactional FX Business

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A growing share of Bank of America Corp.’s currency trading revenue comes from a unit that isn’t catering to high-flying macro hedge funds but instead the world’s largest corporations and retail banking clients.

BofA Bets Big on Steady Revenues From Transactional FX BusinessLGIM to Sell Glencore Stake on Concern Over Thermal Coal PlansOil Holds Decline After Industry Report Points to Stockpile GainUS Industries Fearing a Port Strike Urge Biden to Revive TalksVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureNorway Pension Fund Exits Caterpillar Stake on Israel LinksChina Reveals Government Fund Misuse, Highlighting Fiscal RisksECB’s Rehn Sees Bets for Two More Cuts in 2024 as...

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