Even though Bank of America’s FX operation is supposedly a core business the bank took an axe to it this week, prompting a former employee to quip: “I guess it’s back to Charlotte to sell credit cards.”
For legal reasons in the UK, the bank cannot confirm the names of all those who have left. But we understand they include Kai Herbert, Mark Rossi, Greg Kaldor and Simon Manwaring; in New York, the bank has let go Yisan So, Keith Yanowitz and Pierro Siveroni; and Mark Youds has exited in Singapore.
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