LOOSE CHANGE
LOOSE CHANGE
Prudential-Bache has closed its City stock exchange money-broking office in London and made 16 of the 20 staff redundant. The company was one of only eight registered to operate in the London market, lending or borrowing shares for market-makers and institutions which have to meet obligations for holding physical stock. The closure comes ahead of new rules, to be introduced this year, which will allow all stock exchange members to compete against the money brokers. In other changes, Gerrard &
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