FXall’s Future In Doubt After JP Morgan Agrees Chase Bid
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NEW YORK--The future of FXall, the proposed multibank internet site for corporates and institutional customers, is in question following Chase Manhattan’s $35 billion agreed takeover of JP Morgan last week, bankers and FX traders say.
FXall chairman Paul Kimball told FX Week he expects JP Morgan to pull out of the FXall alliance in view of Chase’s supposed membership of rumoured rival consortium Atriax.
"When the merger between Chase and JP Morgan is legally and functionally complete, I expect JP
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