Continental Reorganizes Reporting By Placing FX Under Derivatives

BANKS

Continental Bank in Chicago has changed its reporting lines, placing the foreign exchange function under the derivatives unit. The reasoning behind the organizational change, the second in just over a year, is to produce greater synergies and improve marketing opportunities, sources at the bank say.

In another development, Continental's trading advisory entity, Cardinal Capital Management, which was established last fall (FX Week, Sept. 28, 1992) with a group of the bank's senior traders to t

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