ABN talks positive for CBA FX
CBA said last Wednesday (July 23) that it is in discussions to purchase ABN Amro Australia Holdings with the Dutch dealer's parent company, the Royal Bank of Scotland (RBS). If signed, the deal could provide CBA access to ABN's extensive suite of foreign exchange operations in both countries.
These include G-11 market-making in spot and forwards FX, long- and medium-term FX, vanilla FX and exotic FX options, and extensive FX sales and research capabilities.
CBA could also benefit from the Dutch
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