LOOSE CHANGE

LOOSE CHANGE

Barclays' decision late last week to split its BZW investment banking division should not impact FX, since officials say the bank plans to keep its treasury, FX and private stockbroking divisions, while largely selling off its equities businesses. The markets division, debt-related structuring, lending and private equity businesses will come together under Barclays Capital Group (BCG), which will be headed by chief executive of the markets business Robert Diamond. Meanwhile, BZW's chief

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