Banks In London Turn to Forex Margin Accounts Following U.S. Lead, In Effort To Expand Business
BANKS
Following the lead of American investment and commercial banks, U.K. and European banks are increasingly turning to margining as a way of expanding customer business without substantially upping their credit risks. "Margining is the flavor of the month right now on the street," says a sales official at a major Swiss bank. "Everyone is talking about it."
Among those new entrants in the margin forex business are National Westminster Bank and Swiss Bank. "We've made a commitment both in systems and
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