NatWest Rationalizes FX Operations, Letting Go About 20 Dealers Globally
BANKS
NatWest Markets rationalized its forex operation in London last week, laying off 15 traders and sales dealers across the FX product line and at varying levels of seniority, confirms Howard Kurz, global head of FX in London. Additionally, the bank has let go three traders in New York and several in Asia, he says.
Although Kurz declines to name any of the departed traders and sales dealers, sources close to the bank say those in London include some veterans of the bank with as much as 15 years
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