FX Markets

FX job cuts at Macquarie

The cuts are thought to have occurred amid wider redundancy measures affecting Macquarie's Sydney and Melbourne offices. Macquarie Capital, Macquarie Bank's investment banking division, has cut a combined total of around 100 staff in both cities.

The redundancies follow closely after Macquarie Group's November 18 interim results, which posted a 37% year-on-year drop in overall operating income, from A$4.71 billion ($3.04 billion) in the half year to September 30 2007, to A$2.97 billion for the

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