SBC Fires Six Forex Traders In Zurich For 'Violating Internal Regulations'
BANKS
Swiss Bank Corp. (SBC) last week sacked six foreign exchange dealers in Zurich for "serious offences against the bank's internal regulations and grave neglect of leadership, supervisory and control tasks," according to a bank spokesperson. "We're aware that these are harsh measures. We must send a clear signal that internal regulations must be taken seriously." No criminal offences were involved, he says.
One of the six who left was Zurich foreign exchange and precious metals manager Andy Schmits
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