First Chicago NBD Merger As Last Trader Moves To Chicago

BANKS

The last of three interbank traders made the transition from Detroit to the new First Chicago NBD headquarters in Chicago last week, says global FX manager Britt Swofford. It marks the completion of the merger between First Chicago and National Bank of Detroit. Meanwhile, the roughly six-strong customer marketing group from NBD is remaining in Detroit.

"We combined the risk management of both institutions in Chicago and left the customer marketing and sales group in Detroit, so they will continue

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