FX Markets



FX Week, March 27, 1992

SecPac Closes London FX Desk

Security Pacific Bank has closed its foreign exchange trading operation in London in preparation for its merger with Bank of America, according to officials at both banks.

MOF to Ban Historical Rate Rollovers

FX trading activity in Tokyo, already down as much as 50 per cent from levels a year ago (FXW, March 20, 1991), may be in for another blow. The Japanese Ministry of Finance is gearing up to publish a directive that would forbid Japanese

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