T-D to Centralize North American FX Operation Head Office Will Act As Sole Trading Center
BANKS
Toronto-Dominion Bank is planning to centralize its North American foreign exchange trading operations in Toronto, officials at the bank confirm. As a result, "we will cease actively trading foreign exchange with the outside market from our branches in New York, Montreal, Vancouver, Calgary and Winnipeg," says Toronto-Dominion senior vice president and treasurer Ken Foxcroft.
The move, which is slated to take effect June 1, reverses the bank's long-standing policy of maintaining independent
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