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Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

July 2008

FX market round-up: Barclays hires senior salesman




Barclays Capital has hired Rudy Alexis from Bank of America, where he was head of FX sales Europe. Sources say he will join the bank as a managing director to run its Iberian, Italian and new markets corporate FX sales team and report to Jim O’Neill, Barclays’ co-head of UK and European corporate foreign exchange and corporate risk advisory.







This is a profound ethical issue. These are very sophisticated operations where the counterparty was not a hedge fund – it was not even a financial institution. Should a grocery chain be selling volatility protection?

Guillermo Ortiz, central bank governor, lambasts investment banks for entering FX trades with local retailer Comercial Mexicana which led to Mexico’s monetary authority having to raise over $8 billion to cover positions

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