Mass exodus from BarCap in New York
Market sources said some of BarCap's FX bonuses were below the industry standard of 8%–10%, prompting staff to resign (FX Week, April 12).
The latest salespeople to leave the UK bank include Ben Gibson and Rachel Brekhman in the New York-based corporate sales team. Gibson and Brekhman resigned on April 15 and April 16, respectively. They had reported locally to Manny Monahogios, head of FX corporate sales, who left the bank on April 13 (FX Week, April 19). Market sources speculate the trio might
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