Credit Suisse Group Readies Self For Planned January Merger
BANKS
Interbank spot trading has been temporarily halted at the New York and London branches of Credit Suisse and CS First Boston (CSFB), ahead of the planned merger in January, confirms Philip Vasan, global head of foreign exchange. However, the Zurich operation is still actively making markets during this period.
"We're taking a break from spot interbank trading over the holidays as we get ourselves organized for the merger," says Vasan. The break will allow the bank to deal with various
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