RBS closes trading desk in Edinburgh

The bank dissolved the Edinburgh team, which comprised four FX traders and two money markets traders. RBSoffered staff new roles, said the spokesperson. But chief dealer Jim Kerr, who reported to global FX head David White, has already left the bank, said sources on the Edinburgh dealing floor.

RBS has a 27-strong FX and money markets sales team in Edinburgh to manage Scottish clients.

The Edinburgh desk had only managed small trades. RBS had already routed larger deals to London, so there wil