Credit Suisse ready to take on fixing flows
As other banks shrink away amid record fines
Credit Suisse is keen to attract more benchmark-related flows, saying it is confident its fully segregated, fee-charging model for handling fixing orders – an area where the Swiss bank has traditionally had little presence – satisfies both regulatory and client demand.
The change of heart comes as the largest foreign exchange banks that handled most of the flows related to the WM/Reuters benchmark until the eruption of the rigging scandal are keen to shed them or shrink their size.
"We are keen
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