Moving to expand the services it offers corporations overseas, First Chicago NBD Corp. has joined Inter-Bank Online System, a cash management consortium led by Banco Santander of Spain and Royal Bank of Scotland.

The Chicago-based banking company becomes the second in the United States to join Ibos, which offers its members a super-charged version of typical correspondent bank relationships. Corporate customers of Ibos- affiliated banks are referred to other member banks when dealing across borders.

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