Forex to gain as ABN Amro cuts US equities and M&A
PEOPLE NEWS
NEW YORK -- ABN Amro’s forex business in the US will be one of the beneficiaries of the Dutch bank’s decision last week to cut its domestic cash equities and mergers & acquisitions businesses in the US, with a loss of 550 jobs.
Although the bank’s global head of foreign exchange, Chicago-based John Nelson, was not available last week to comment on the specific areas of growth, a statement released by the bank said: "Wholesale Clients will focus further on expanding its top-five global position in
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