AIGforex under merger threat

A spokesperson at AIG in Greenwich declined to comment last week, but market sources said forex dealers at AIG are expecting the worst from the rumoured merger. One source close to the firm in London said: "The headhunters have got a lot of AIG CVs on their desk at the moment."

Another source close to the situation in New York said: "Restructuring is taking place now, and people are very nervous -- there is no stability."

AIG Trading, which contains the foreign exchange group, is expected to

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