Uncertainty eases for AIG Trading

Joe Cassano, London-based head of AIG Financial Products, made the announcement two weeks ago, helping to quell the fears of AIG Trading’s forex team, who were expecting to lose their jobs in the move.

The source at the firm in London said:"Everyone thought they would be out on the street but now things are looking good."

AIG Financial Products, the more dominant of the two American Insurance Group subsidiaries, still looks set to take the lead, and Cassano is widely expected to manage the

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