HSBC cuts 25 in treasury

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LONDON -- FX dealers are among the 25 treasury staff let go from HSBC in London last week, a spokesperson told FXWeek.

But despite speculation earlier in the week that all 25 dealers came from the FXdesk, the spokesperson could not confirm how many forex traders were directly affected or whether further cuts would be made to the bank’s FX division this year. "HSBC is conducting an ongoing review of its investment banking and markets business. These steps were taken as a result of a difficult