NEW YORK - Swiss Bank Corp. said its subsidiary, SBC Capital Markets Inc., has become fully operational.

The Federal Reserve Board gave Swiss Bank its approval in December to expand its securities dealings. The bank can now engage in a wide range of activities through the subsidiary, including underwriting and dealing in debt and equity securities; trading in futures, options, and options on futures on financial and nonfinancial commodities and arranging swaps and related derivative products based on interest rates, foreign currencies, commodity prices, and stock and bond indexes.

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