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Foreign Exchange

People moves: Deutsche suspends two

Deutsche Bank is believed to have suspended Riccardo d’Antonio, its head of Italian FX sales, and his subordinate Santo Caristo. Antonio, whose FSA registration became inactive on March 4, was based in London, while Caristo was working out of Milan. Sources say their suspension stems from a very small loss incurred by one of their clients, which led to an abuse of the bank’s booking procedures. Deutsche was unable to comment. I used to trade the lira, and if Deutsche needs a short-term replacement, I’m prepared to offer my services.

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