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ABN Cuts in North America

ABN Amro has revealed that it is to reduce its North American workforce by five percent in 2007, amounting to 900 jobs. The staff reductions will occur within the bank's Business Unit North America and will affect LaSalle Bank and its subsidiaries ...

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Nicholls up the Ladder at DB

Deutsche Bank has appointed David Nicholls as head of global finance, Europe, within its Global Markets division, effective immediately. Nicholls is based in London and will report to Alan Cloete, head of global finance and foreign exchange. Deutsche says that ...

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NAB Closes the Book on Options Fiasco

National Australia Bank (NAB) has revealed that the Australian Prudential Regulation Authority (APRA) has closed the remaining remedial actions associated with the foreign exchange options trading losses that were revealed in January 2004 (Profit & Loss, February and April 2004). The critical element ...

in News, Banks

Lam up the Ladder at RBS

The Royal Bank of Scotland (RBS) has unveiled a new senior management appointment to its Global Banking and Markets (GBM) business in Asia Pacific. With immediate effect, Lawrence Lam has been appointed as head of GBM China, reporting directly to ...

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BoNY Buys Mellon..Finally

Eight years after failing in an attempt to buy Mellon Financial, the Bank of New York (BoNY) finally succeeded last week, the two firms announcing agreement on a $16.6 billion deal. The deal will create the largest securities servicing and asset ...

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Bad Week for Fixed Income Jobs

Last week was a bad one in the fixed income markets where the axe fell at Dresdner Kleinwort, HSBC and the Royal Bank of Canada. At Dresdner Kleinwort, sources report that 125 front office jobs have gone at the bank, including ...
Robert McTamaney, the London-based co-head of global foreign exchange at Goldman Sachs, is relocating to Tokyo to jointly run the bank's pan-Asian securities business with Katsunori Sago. He will start his new role at the beginning of next year, a ...

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RBS Extends IRD Service on Bloomberg

The Royal Bank of Scotland (RBS) has extended its interest rate derivatives offering on Bloomberg to include US dollar treasury swap spreads, swap curve trades and butterflies. RBS is the first dealer to offer an electronic execution service in US ...
Lehman Brothers has named Satu Parikh as global head of commodities. Previously, he was head of liquid markets, Asia, which included coverage of rates, foreign exchange and commodities. As part of the move, Parikh will relocate to Lehman's New York ...

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Citigroup Creates FICC Group

Citigroup has formed a new Fixed Income, Currencies and Commodities (FICC) global business group, it announced internally last week. The group combines the global fixed income and emerging markets sales and trading divisions and represents "a natural evolution toward providing ...