Midland Bank's Manno Resigns Was "Most Profitable Trader"
BANKS
Chris Manno, Midland Bank PLC's associate director and deputy chief dealer in New York left the bank last week, sources there say. "Chris was our most profitable foreign exchange trader," notes Allan Rosenberg, treasurer and head of capital markets at Midland.
Manno's decision to leave the bank appears to be tied to reports that Midland has grown increasingly cautious about taking positions in the foreign exchange market. According to one trader at the bank, management "didn't exactly tell its
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