Morgan Stanley, Citi vying to clear yuan trades in U.S. - executive
October 19, 2016 at 18:39 PM EDT
NEW YORK, Oct 19 (Reuters) - Morgan Stanley and Citigroup Inc are among those vying to be the designated U.S. bank clearing yuan trades in the United States alongside Bank of China Ltd (BoC), China's fourth-biggest bank by assets, a senior BoC executive said on Wednesday.