BankBoston Reshapes Emerging Markets & Asian Operations
BANKS
BOSTON--BankBoston announced it has restructured its emerging markets sales, trading and research group (EMSTR), as well as its regional division in Asia.
The changes are related to a downturn in business related to the recent turmoil in global financial markets, say officials.
Henrique Meirelles, president and chief operating officer, says the move was made "to substantially reduce the level of risk and capital associated with the emerging markets business".
Although a spokesperson for the bank
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