Bank Of America Plans Expansion Of FX Market-Making In London

- By FX Markets Staff
- @FXMarkets_
- 29 Mar 1993

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Bank of America plans an expansion in foreign exchange this year in the wake of last year's turbulent markets, say executives.

"The events of last year increased the day-to-day volatility in the market and increased the spread on currencies, leading us to the conclusion that there were better revenues to be made out of the market-making business," says Paul Chappell, treasury director of the bank in London. The recent improvement in the bank's credit rating should be a help in gaining new

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