Chase Recruits Interbank Traders For Europe To Meet Jump In Customer Demand
BANKS
Chase Manhattan Bank is recruiting corporate and interbank traders in Europe to meet what European FX sales chief Albert Maasland says is a huge expansion in the bank's corporate turnover. "We are averaging four times more customer volume today than we did at this time last year," he says.
Maasland attributes much of the growth to increased hedging by customers in the wake of last year's turmoil in the European currency markets. Also, he says, "hot money" in some of the more speculative funds has
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