Foreign exchange bankers with a long memory could be forgiven for thinking they are in a time warp.
Merrill Lynch is building up its forex operations. It says it is committed to the business. It is hiring people, building up its client base and generally making a push into a market in which, frankly, it doesn’t have much excuse for being so weak in the first place. And it has shot up through the rankings in the Euromoney poll.
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