Abbey National Joins Barings In Risk-Management Venture
BANKS
A joint operation to provide risk management services in the currency and interest-rate swap and option markets has been formed by Abbey National Bank Plc, the U.K's fourth-largest bank by assets and second-largest mortgage lender, and Baring Brothers & Co., the City of London's longest-established merchant bank.
The operation, which starts trading next month, will be called Abbey National Baring Derivatives (ANBD) and will be established as a branch of Abbey National Treasury Services Plc (ANTS)
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