Battle for regional UK mid-corporate business

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LONDON -- A battle is raging for mid-corporate regional FX business in the UK, with the largest domestic banks pitched against newcomers in a bid to control the increasingly lucrative market.

Royal Bank of Scotland (RBS) -- acknowledged leader in the field, with an 85-strong corporate and commercial sales force in the UK -- has begun expanding its regional team, said Kerry McGuire, Edinburgh-based head of RBS’s strategy and marketing for the corporate and commercial sales group. "We are number

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