Standard Chartered to Get First Interstate's International FX Trading Desks, London Too?


Standard Chartered Bank in London has signed a letter of intent to acquire First Interstate Bancorp's (FIB) international, corporate finance, correspondent banking and treasury businesses, the bank announced this week. According to both First Interstate and Standard officials in London, the two banks' foreign exchange trading operations, particularly in the Asia-Pacific region, will be combined.

Although negotiations have not been completed with regard to the London trading operation,

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