FX Week

Relief Comes To Midland's New York FX Desk As Hong Kong Shanghai Delays Further Purchase


Some of the foreign exchange traders at Midland Bank's New York office are breathing a little easier these days now that Hong Kong and Shanghai Banking Corporation (HSBC) appears to be getting cold feet about increasing its ownership stake in Midland Bank, PLC.

Although some traders believe that, were HSBC to purchase a majority stake, the two banks' foreign exchange operations would be merged, others on the desk were concerned that Midland's foreign exchange trading desk in New York "would

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: