Dresdner Appoints Head of FICC, Replaces Culham

Dresdner Kleinwort has appointed Eddie Listorti as the new head of the Fixed Income, Currencies and Commodities business (FICC). He succeeds Harry Culham who left the bank last month to join Merrill Lynch to head the FX business there. Listorti is transferring from Singapore to London to take up his new role with immediate effect, […]
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Bank of America Hires Pollina to Treasury Services

Bank of America has appointed Lisa Pollina as global financial institutions executive in its global treasury services business, which serves more than 150,000 clients globally. In this newly created role, Pollina will be responsible for acquiring and deepening treasury management relationships with financial institutions. This will include developing a global strategy to deliver treasury services […]
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New Brand Identity for NAB’s IMS Division

National Australia Bank unveiled a new name and brand identity for its Institutional Markets & Services division last week. Effective immediately, the business is called NabCapital and adopts a logo and visual identity for its global operations across Australia, Asia, the UK and the US. In New Zealand, the division continues to operate under the […]
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AIB to Pay FX Compensation

Allied Irish Bank has agreed to pay more than EUR 30 million in compensation after overcharging foreign exchange customers in the 1990s. The bank says that the payment of restitution to customers, where it has been possible to identify them, has been or will be made, which amounts to EUR 11 million. Where identification has […]
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Rabo on EBS Prime

Rabobank is seeking to leverage its Triple-A rating by becoming the latest EBS Prime bank. The news comes as FX trading by new counterparties across new and emerging markets using EBS Prime now provides more than 14% of total EBS volume which averages $140 billion daily. Daily average trading volume for EBS Prime is now […]
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SocGen to Realign FX

Société Générale Corporate & Investment Banking plans to realign its foreign exchange business within a new Fixed Income, Currencies and Commodities (FICC) division early next year. Following in the footsteps of other heavyweights, including Merrill Lynch, which set up a FICC business this summer (Profit & Loss, September 2006), the French bank will create the […]
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Scotiabank Approved for Shanghai Branch

Scotiabank has obtained approval from the China Banking Regulatory Commission (CBRC) to open a bank branch in Shanghai. The new branch will serve as its hub for foreign exchange and treasury services offered in China and will also offer full lending and deposit-taking services in foreign currencies. Scotiabank has had a Beijing representative office since […]
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Banks Fear Vietnam FX Lawsuit Fallout

Foreign banks operating in Vietnam are concerned that the legality of all foreign exchange deals done in the country may be thrown into doubt due to a criminal case being pursued by Vietnamese police against nine FX dealers at ABN Amro and Industrial and Commercial Bank of Vietnam (Incombank). A source tells Squawkbox that the […]
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