Bank Of Yokohama Winds Down Trading From Overseas Branches
BANKS
TOKYO--Bank of Yokohama is winding down its overseas branch operations in an effort to reduce costs and concentrate on the domestic Japanese market. The decision, which reflects a growing trend among Japanese banks to pull out of the international market, marks the closure of FX operations in London, Singapore, Hong Kong and New York.
While most trading staff have already been let go, the branches themselves will remain open for between five and nine months, and are still maintaining positions
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