Deutsche cuts forex in London
Ray Monaghan, spot trader, Garrett Clinton, options trader, and Peter Kooks, UK corporate sales, were made redundant earlier this month. Giovanni Pilletteri, who worked in the FX algorithmic trading team, and Richard Saltzmann, who was in hedge fund sales, were also let go.
The lay-offs were part of 300 job cuts in its global markets division. The bank's chief executive, Josef Ackermann, said to expect further writedowns if the credit crisis continues to hit asset prices.
Deutsche Bank announced
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