LOOSE CHANGE
LOOSE CHANGE
Citibank, in a move to reduce expenses, shut down its back-office foreign exchange operation in New Zealand two weeks ago and is now processing all its foreign exchange trades from its Sydney office. In addition, the bank also cut four foreign exchange traders from its desk in Auckland and will move two others to Sydney, leaving its New Zealand desk with about eight traders.
Kevin Lawrie, director of foreign exchange at Bank of Boston, was quoted six times in the weekday edition of the Wall
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