BofA delivers FX promise


Seven hires in April, more to come in forwards and prop FX

NEW YORK -- Bank of America (BofA) hired four senior FX traders and three institutional FX sales staff in April, in an ongoing expansion of its foreign exchange division.

The seven hires -- just some of the 30 the bank said in January it would add in FX this year -- represent a shift to a more aggressive risk-taking strategy, said Larry Baum, global head of spot, forward and proprietary trading at the bank in New York. Baum is himself a

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