Rothschild Pulls Out Of Interbank Forex Market
BANKS
LONDON--NM Rothschild & Sons, the UK merchant bank, has pulled out of the London interbank FX market, confirms a bank spokesperson. The move resulted in seven positions being cut from the London treasury at the end of last month.
Among those to leave the bank was Tony Coveney, the director of treasury responsible for interbank FX trading, confirms the spokesperson. Coveney joined the bank last year from ABSA Bank in London where he was assistant general manager of treasury. Prior to that he was a
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