Chase And Chemical Planned Merger Promises Creation Of Forex Market Trading Behemoth

BANKS

Executives at major foreign exchange banks expect the forthcoming merger between Chase Manhattan Bank and Chemical Bank, which was announced last week, to create a new giant in the foreign exchange market, according to a series of interviews conducted by FX Week.

Officials at the two banks could not comment on the likely configuration of the treasury and foreign exchange areas, where plans have not yet been firmed up. However, the new head of global capital markets, trading and treasury for