Banamex Consolidates Treasury At Mexico City Dealing Centre

BANKS

Mexico's largest commercial bank, Banco Nacional de Mexico (Banamex), is consolidating treasury operations at its Mexico City dealing centre and Monterrey operations and data processing facility, officials say.

The moves follow a bank-wide review by senior management of Banamex's involvement in foreign exchange, derivatives and money markets.

Banamex's Mexico City front-office foreign exchange staff comprises around 25 people, trading the peso against all the major currencies, according to Ma

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