WestLB Still "Strongly Committed" To Corporate FX Trading In N.Y.
BANKS
Looking to quell market reports that it is deemphasizing corporate foreign exchange in New York, Westdeutsche Landesbank's vice president and treasurer, Charles Read, says, "WestLB is strongly committed to corporate foreign exchange in North America."
A number of market observers became alarmed last week when WestLB decided to let go of one of its two corporate advisors, Rally DeMasi. They indicated that WestLB's corporate desk, finding it difficult to penetrate corporate America, had kept busy
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