Credit Suisse And NatWest Find Havens In The Storm
BANKS
Credit Suisse and National Westminster Bank USA were forced to seek higher ground last week when flood conditions shut down power at several buildings in downtown Manhattan. The two transferred their foreign exchange traders to back-up facilities with few hitches, sources at those banks say. Both banks have their trading desks at 100 Wall Street, which was particularly hard hit. High tides flooded the basement there and disabled electrical transformers and telephone equipment.
Credit Suisse
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