National Bank Of Canada Halts Treasury Operations In Singapore
BANKS
SINGAPORE--Montreal-based National Bank of Canada (NBC) has closed its treasury operation in Singapore after five years in the Asian market, laying off all 10 of the bank's local treasury staff, confirms Martin Ouellet, senior vice president of treasury in Montreal. However, NBC will retain an international banking force to handle merchant banking activities, trading under the National Bank of Canada (Asia) name--in addition to its international operations in Hong Kong, Seoul and Taiwan, says
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