Daiwa N.Y. Maintains FX Trading Despite Press Reports To Contrary
BANKS
Contrary to some press reports, sources at Daiwa Bank say the New York branch is still trading foreign exchange, but others say it is just a matter of time until the bank is forced to withdraw from the business.
In compliance with U.S. authorities, Daiwa Bank has announced plans to withdraw from banking in the U.S. and terminate or sell its existing U.S.-based banking operations, as well as restructure its international business operations outside the U.S. In line with these plans, Daiwa says it
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