Barclays de Zoette Wedd cut "less than five" forex dealers last week in New York, an official says. Sources say the cuts hit both trading and sales, but the official could not confirm this.

Bank of Boston has released six traders from its Boston forex team last week, including senior trader Tim Summerfield (see related article, this issue). Meanwhile, six new forex professionals joined the bank from Chase on Friday.

Discount Bank & Trust Company has closed its London capital and money markets

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