Standard Bank restructures London FX

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"We are planning some internal changes, which will mean we will merge our local markets and foreign exchange businesses," the bank stated.

Standard Bank's local markets business includes its central and eastern European local currency FX and domestic fixed-income businesses. A bank official said FX continues to be a core component of its strategy and its focus is on emerging economies, denying market speculation the bank is closing its London foreign exchange operations altogether. "We are not

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