Morgan Stanley, Anglo Irish Bank, Deutsche Bank

Morgan Stanley cuts affect FX

Todd Bickmeyer, an executive director who worked in institutional FX sales covering hedge funds at Morgan Stanley in New York, is understood to have been made redundant. Bickmeyer is said to have reported to Julia Sands and John Silver, co-heads of FX sales at the bank in New York. The redundancy is one of 300 global staff cuts rumoured to have been made by the bank as a result of turbulent market conditions.

Many of the cuts are said to fall within fixed income

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