LOOSE CHANGE
LOOSE CHANGE
Goldman Sachs has abolished the name of its commodity and FX business unit, J. Aaron, opting to consolidate its fixed income, foreign exchange and commodity business into one division, confirms a Goldman official. The action is deemed a routine melting of the businesses and therefore will not result in any promotions, demotions or cuts, he adds.
Bankers Trust announced that it is the first bank to adopt the new Fed and BIS capital guidelines incorporating the use of internal models to measure
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