LOOSE CHANGE
LOOSE CHANGE
Deutsche Bank announced plans to cut a wider swathe in the foreign exchange market in New York. Though treasurer John Ross declined to comment, Renaldo Schmitz, a member of the banks' board of directors, told the press late last week that growing the bank's treasury operation is one important part of the banks four-pronged expansion plan. Schmitz says the bank expects that its relationships in the U.S. will strengthen as other foreign banks pull in their horns.
U.S.-based currency funds continued
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