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Commerzbank to cut 60-70 fixed income, currency jobs: sources
FRANKFURT (Reuters) - Germany`s second biggest lender Commerzbank is cutting 60 to 70 jobs in its fixed income and currencies (FIC) division in Frankfurt as it adjusts to declining demand, several sources familiar with the matter said on Wednesday. Commerzbank is offering severance packages and is aiming to carry out redundancies through voluntar...
Global regulators agree reforms of currency benchmarks
LONDON (Reuters) - The one minute window for setting a widely used currency market benchmark should be extended to 5 minutes to make it harder to manipulate prices, the Group of Twenty`s (G20) regulatory task force said on Tuesday. Several banks are being investigated by authorities in Britain, the United States and elsewhere for allegedly mani...
Global regulators agree reforms of currency benchmarks
LONDON (Reuters) - The one minute "window" for setting a top currency market benchmark should be widened to five minutes, the Group of Twenty`s (G20) regulatory task force said on Tuesday. Several banks are being probed by authorities in Britain, the United States and elsewhere for allegedly manipulating the $5 trillion a day currency market, pro...
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