FX Markets

Moscow Narodny Faces Cuts In London In Wake Of Rouble Crisis

BANKS

LONDON--Moscow Narodny Bank (MNB) is restructuring its London office as part of an ongoing reorganization within the bank, confirms a spokesperson. The reorganization will entail a general review of all departments to streamline operations in the wake of the Russian crisis last year.

Although no redundancies have been announced, the headcount will be reduced. According to the spokesperson 35 staff out of a total of 160 in the London office are in consultation for their jobs, including two

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