MTB Opens FX desk In New York Targets Small U.S. Companies
BANKS
MTB Banking Corp. has opened a small foreign exchange desk in New York to service small U.S. companies. The desk "does not take proprietary punts, that's not our business," says Bruce Groberg, vice president and director of capital markets at the firm. "Our business is in servicing customer needs and in finding ways of assisting them."
The three-man desk, which MTB opened earlier this year, is already looking to expand and is in advanced negotiations with two more traders. Groberg expects that
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