First Boston To Expand FX Operation in N.Y. Plans Afoot To Set Up Corporate Advisory Desk

BANKS

First Boston Corp. may be cutting back in a number of areas but foreign exchange doesn’t appear to be one of them. Sources at the firm say it is actually looking to expand its FX operation in New York and is currently in the process of developing a corporate advisory desk.

Although a company spokesperson failed to return calls by press time, an executive at the firm said, "we’ve been talking about doing this for quite some time and a variety of things have held us up from actually putting it