BankBoston Refocuses FX Business At Head Office With Staff Changes
BANKS
BankBoston is restructuring its business under recently appointed global FX manager James Borden (FXW, September 9). Last Wednesday the bank cut six foreign exchange traders in its head office, but brought in the same number on Friday to "refocus" the business.
Senior trader Tim Summerfield was among the six traders who were let go last week, along with three others who joined the bank over the past two years. The other two were long-time BankBoston veterans, one of 25 years and the other with 12
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