Five European Banks To Launch Online Marketplace in 2001

NEWS

LONDON--Five major European banks are to launch an online marketplace for treasury and capital markets products next year, it was announced at the end of July. The demand for multi-bank sites in the foreign exchange business made offering a range of products an attractive prospect, say the banks.

The joint venture brings together banks from across Europe: Banco Santander Central Hispano (BSCH), Commerzbank, the Royal Bank of Scotland (RBS), Sanpaolo IMI and Société Générale.

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