Lloyds Bank Shuts N.Y. Treasury After Wave Of Restructurings
BANKS
Lloyds Bank closed its New York treasury operation on March 1 and shifted its remaining foreign exchange business to London, officials confirm. The decision comes less than a year after the bank began its first of at least two rounds of lay-offs aimed at the New York trading operation, as Lloyds decided to focus its efforts there on sales (FXW, Feb. 27, 1995 and July 10).
Last month, the bank's deputy chief executive and treasurer in London, Alan Moore, mentioned that the bank was considering an
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