Bank of Fukuoka Opens in London Small FX Desk Begins Operations
BANKS
A major Japanese regional bank, the Bank of Fukuoka, has upgraded its London representative office to a full branch this week, starting up a small forex trading operation at the same time a brave move at a time when many other foreign banks in London are contracting or pulling out.
According to Tsukasa Matsumoto, who was brought in to head the London trading mom from the bank's New York office, Fukuoka now has throe traders dealing in major currencies--chiefly dollar, mark and yen. Fukuoka has
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