Further cuts at German banks
G-7 traders Scott Spelker and Tim Ligowski in New York have left the bank in recent weeks.
Trevor Cowan, global head of spot at WestLB in Düsseldorf, said these changes were carried out due to "too much cross-over" between New York and European clients. As a result, there was no need to keep the New York desk functioning.
He said that because of the success of the bank’s e-business, it can conduct its business from Düsseldorf. "Due to technological advances, we can distribute our prices to our
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