March 2007
FX market round-up: JPMorgan loses three from prop team
The trio are understood to be headed across the City to Royal Bank of Scotland, which closed its FX prop desk in late November, obviously not on the basis that it was making too much money. At the time, RBS said: "We keep the structure of our business under constant review to meet the rapidly changing global needs of our customers." Rapidly changing, indeed.
