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Banks pull out of PRDC market

Author: Mark Pengelly

Source: Risk magazine | 28 Jan 2010

Categories: Structured Products, Wholesale

Topics: Japan, Deutsche Bank, BNP Paribas, Japanese yen, American International Group (AIG), Royal Bank of Scotland (RBS)

Losses and increasing hedging costs have led many smaller firms to leave the power-reverse dual currency (PRDC) business, say dealers, leaving a rump of...

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