Sakura Bank Gets Federal Approval For Majority Interest In Dellsher
BANKS
After more than two years of regulatory hold-ups, Sakura Bank Ltd. of Japan has received all necessary government approvals, including the green light from the U.S. Federal Reserve Board, to acquire a majority interest in Leo Melamed's Dellsher Investment Company Inc. (FX Week, April 12).
Lacking the international presence and capitalization necessary to be aggressive player in the markets, Dellsher, a small- to medium-sized boutique specializing in financial futures products, kept a relatively
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