Standard Chartered Now Integrating 1st Interstate's FX Desks In London, LA
BANKS
Standard Chartered Bank is proceeding apace with its integration of First Interstate Bank's overseas and California foreign exchange trading operations after its buyout of these offices earlier this year (FX Week, February 28). Standard's London treasurer John Maxwell says that despite initial uncertainty over whether FIB's London branch was included in the deal, the two banks decided that the forex operation was to be taken over, but not intact. "Where two activities overlap, it is pointless to
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