
HSBC To Slash Forex Jobs As RepNat Takeover Closes
FRONT PAGE EXCLUSIVE
LONDON--Republic National Bank of New York's forex team in London will be slashed following its official integration into banking giant HSBC on December 31.
However, a RepNat official would not comment on market speculation that only a handful of sales staff--perhaps three of a trading and sales team of around 25--would move to HSBC.
He said: "there have been a number of lay-offs and only a minority will make this transition. We are, however, still negotiating internal positions for some staff."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com