Hufschmid, who along with Haghani manages the Long-Term Capital office on Conduit Street in London's West End, had run Salomon's foreign exchange business, which had at times generated fabulous profits for the Wall Street firm.
32.
And Reuters built its business in foreign exchange _ an area that is still its major strength, though with the advent of the European common market, some argue that the foreign exchange businesses could dwindle.
33.
And, Fidelity's decision to change the focus of its foreign exchange business comes at a time when some banks, including Chase Manhattan, Citicorp, BankAmerica Corp . and Bank of Tokyo-Mitsubishi, are reducing their currency trading staffs.
34.
The agency said in its statement that Morgan Stanley had admitted that it breached London financial market rules in the way it " organized, conducted and supervised foreign exchange business for five private clients in 1992 ."
35.
"These were very strong earnings across the board, " he added, noting that Morgan Stanley's fixed income and foreign exchange businesses set quarterly earnings records, while its equities and commodities divisions had their second best quarters ever.
36.
THE Bank of China Group's ( BOC ) foreign exchange business is expected to slow, but interbank lending will keep the bank profitable during the on-going currency crisis, Lam Yun-ming, general manager at BOC Group's treasury centre said.
37.
The foreign exchange business of the Bank in 1997 amounted to Tk 2714 . 20 crores as compared to Tk 2148 . 18 crores in 1996 which showed an increase of 26 . 35 per cent over the previous year.
38.
SBT was established in 1945 as the Travancore Bank Ltd, at the initiative of Travancore Travancore government put up only 25 % of the capital, the bank undertook government treasury work and foreign exchange business, apart from its general banking business.
39.
The sale of NatWest units has been the subject of press reports since the company announced last month it would strip NatWest Markets of its treasury and foreign exchange businesses, leaving it to focus on its equity, debt and merger consultation operations.
40.
"The business travel industry is currently in a greater state of flux than at any time in my 26-year experience in this business, " said Charles Petruccelli, the president of American Express Global Travel Services, which operates the company's worldwide corporate travel and foreign exchange businesses.
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