21 May 2014
The Royal Bank of Scotland has confirmed that it is winding down its Rates prime brokerage and Rates OTC clearing businesses. The bank cites the “increasing level of capital, operating costs and investment that would be required for the business to be globally competitive in a market with extremely thin margins” as the reason for withdrawing from these businesses.
To read this article in full, please go to http://www.profit-loss.com/?q=node/27323
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