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Foreign Exchange

Saxo expands empire

Another week, another corporate deal for Saxo.

This week, the bank has announced it will take over Cambiste, a French online brokerage it has been partnering for two years. The deal is subject to regulatory approval. Once complete, the new entity will be called Saxo Banque. Cambiste’s current chief executive Pierre-Antoine Dusoulier will continue in his role.

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