ING moves US-based FX trading desks to Europe
ING is shifting its US-based foreign exchange trading teams to London and Amsterdam as part of its preparations for new Basel Committee capital requirements, a New York-based spokesperson for the Dutch bank has confirmed.
The bank will relocate its emerging markets FX and credit trading teams from New York and Mexico City to London, and its developed markets FX and credit trading team from New York to Amsterdam. The process is expected to affect roughly 40 employees, who will either relocate to
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