Hill Samuel Bank Closes N.Y. Treasury Operation

BANKS

U.K.-based Hill Samuel Bank Ltd. closed its New York treasury operation Monday, May 6. The move, which followed a global review of operations, reflects the increasing trend toward consolidation within the industry and the difficulties of trying to maintain trading operations without the support of local corporate clients.

"We have been reviewing the global needs of our treasury operations for quite some months," says Martin Anderson, president of Hill Samuel USA. "The result of that

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: