Swiss Banks In London Keep Growing Credit Concerns, Slower Start Cited
BANKS
Cutbacks, retrenchment and gloom have been the hallmarks of the London foreign exchange market in the past several months, which have seen American and Japanese banks, in particular, pulling in their horns. But the three big Swiss banks have shown a higher profile in London, continuing three years of steady growth and internationalization.
"The Swiss banks were slightly late in expanding in London compared to the Americans and Japanese, who have now peaked out and are in retreat," says Shandi
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