Bank Of America London Loses Seven, Hires Six In Euro-Currency Revamp
BANKS
Bank of America (BoA) in London has jettisoned seven FX traders and salespeople in an effort to "change the mix of skills of the people we have to meet the needs of the marketplace going forward," according to global foreign exchange coordinator Paul Chappell. Chappell says the bank is looking to place the seven elsewhere within its capital markets group, but if no slots for them can be found, they will leave BoA.
Chappell and London FX trading and sales chief Donald Lawrence say that BoA is not
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