PIPS

PIPS

Reuters Adds Saudi Riyal

Reuters has added the Saudi Riyal to the Dealing 2000-2 Spot service. Trading against the US dollar began on Monday, August 23. Officials at Reuters say that there are now four banks trading on Dealing 2000-2 in Saudi Arabia, following the launch of the system there in June.

Urge to Merge

The merger mania that has gripped the international banking industry picked up steam again last week, with a series of new tie-ups spanning two continents. Aside from the three-way Jap