BoA Consolidates German & French Capital Markets Trading In London


Bank of America (BoA) is consolidating its German and French based capital markets trading operations in London, an official confirms. The bank will maintain a sales and marketing function in those countries, but is moving the market making, book-keeping and proprietary trading business to the City.

The German and French operations will now focus on corporate sales and marketing, money markets and short-term interest rate trading, the official says, while the other capital markets functions

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