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| Author: | Currie, A. |
| Title: | Taken aback by a leap forward |
| Journal: | Euromoney
1997 : MAY, 5, p. 61-77 |
| Index terms: | FINANCE MONEY FOREIGN EXCHANGE |
| Language: | eng |
| Abstract: | The foreign exchange business is entering a period of rapid change. The lack of volatility in the market over the past 12 months has forced the big commercial banks, which have long dominated the business, to close offices and cut staff. In their place, investment banks are winning a larger share of the business, as the poll reveals. The biggest surprise is Merrill Lynch, which jumps into the top ten at number three. The author of this article explains why. |
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