Commercial Bank Of Kuwait Idle Days In N.Y. FX Market
BANKS
These haven't been the best of times for the foreign exchange departments of Kuwaiti banks, given the asset freeze that chilled activity following the Iraqi invasion August 2. In fact, "we're pretty much asleep right now," says John Devine, treasurer at Commercial Bank of Kuwait in New York.
Although Devine says that he has been busy in recent months assembling information for the Kuwaiti central bank and closing out the foreign exchange deals that Commercial Bank did in New York just prior to
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