Norinchukin Bank Joins Fray In London, FX Desk To Grow
BANKS
At a time when other Japanese banks have been pulling in their horns and reducing their presence in international foreign exchange markets, Norinchukin Bank, the huge Japanese agricultural and fisheries cooperative, is expanding. In April, the bank, one of the largest players in domestic yen funds in Japan, opened a London branch six years after it first applied for a license. It has also set up a branch in New York.
After several months getting its front and back office properly set up, the bank
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