FX Week

Bank of Scotland Invests In New Glasgow Dealing Room

BANKS

The Edinburgh-based Bank of Scotland is investing in a new 24-position dealing room in Glasgow which will open around Christmas. It is part of its drive to enhance treasury services to its corporate clients north of the border, says chief executive of Bank of Scotland's treasury services subsidiary George Mitchell.

The bank's results for the six months ending August 31, published last week, report foreign exchange trading gains of £10.9 million for the period, compared to £19.4 million for th