"Excessive and unnecessary " risks are being taken by many of the banks conducting foreign exchange business because " people are simply not aware of the magnitude " of currency settlement risk, said Federal Reserve Bank of New York President William McDonough at a press conference today.
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Only 50 to 65 percent of Japanese city bank branches are now authorized to handle foreign exchange business, the report said . ( Nihon Keizai newspaper, p . 4 ) ( 8317 JP Equity CN ) Matsushita to Triple Its Blank DVD Production Capacity in U . S.
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NatWest Markets has been the subject of takeover speculation since NatWest retail bank decided in July to strip its investment banking unit of its treasury and foreign exchange businesses, seen as vital to the retail bank, leaving it to focus on its equity, debt and merger consultation operations.
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Reed said as he opened a US $ 10 million trading floor in Singapore . YS Wong, head of Asia-Pacific financial markets for Citibank, said : " We have just entered a new era for foreign exchange for the Asian currencies . . . so customers have new risk to deal with and they are hedging their risks in their foreign exchange business more ."
How to say foreign exchange business in Hindi and what is the meaning of foreign exchange business in Hindi? foreign exchange business Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
