First Boston's Proprietary Currency Unit, Hard Times? Looking To Add Bigger Swinger?
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The First Boston Corp., a wholly-owned subsidiary of CS First Boston, Inc., added a number of high-powered currency traders to its proprietary trading group this year in an effort to boost profits, but sources inside the company say that the plan backfired and that those new high-powered traders have piled up sizeable losses instead.
One source inside First Boston says, "over the past two months, [First Boston] New York is down $4 million, [First Boston] London is down about $4 million and [First
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