FX Markets

UBF And KOP Complete Merger; Move In Together As Merita Bank

BANKS

Finland's two largest banks, Union Bank of Finland (UBF) and Kansallis-Osake-Pankki (KOP), have completed their merger under the new name of Merita Bank, officials have announced. According to international treasury director David Britton, dealing staff in the major international dealing centres moved onto joint premises over the holiday weekend of May 27 to 29.

Traders in London, New York and Singapore have moved in together, he says, but in Helsinki, the two groups will remain in separate

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