Dresdner lays off prime brokerage staff amid group-wide cutbacks
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Dresdner declined to comment on the departures, but said the prime brokerage operation was still operating and that there were no immediate plans to close it. Richard Anthony, who heads up e-commerce for fixed income, currencies and commodities at Dresdner, said: "There are no current plans to close the existing service that we offer to FX prime brokerage clients." A spokesperson said the cuts were made as part of a group-wide review.
The move has highlighted how hard it is to make money from
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