Warburg Restructures Treasury With Plans To Expand In Forex
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UK merchant bank SG Warburg has restructured its fixed-interest and treasury division and announced plans to expand foreign exchange since merger talks with Morgan Stanley collapsed last month, officials say. The plans have materialised despite Warburg's earlier decision to withdraw from international debt markets.
Had the merger between Warburg and Morgan Stanley gone through, the venture would have created the world's largest investment bank, sources say. Therefore, after the talks collapsed
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