Regional Asia-Pacific And US Banks Dominate In Far East

FXW/INFINITY BEST BANKS IN FX AWARDS

TOKYO--Although relative stability returned to the Asia-Pacific region this year after the upheaval of 1997-8, deregulation in both Tokyo and Singapore has forced local banks to restructure and consolidate in order to resist foreign competition.

The FX Week/Infinity awards for the region reflect the shifting circumstances in the Far East, as the market has recovered and evolved.

In Tokyo, Bank of Tokyo-Mitsubishi, Japan's largest, unseated Sumitomo from the top slot, while Citibank ousted UBS

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