Bank Of New York's Misciagna Rejoins Chase Manhattan Bank

BANKS

After spending just a few months at The Bank of New York as a senior pound trader, Sabino Misciagna has resigned and is now set to become part of the "management team" at Chase Manhattan Bank in New York, sources say. He is scheduled to start at Chase on Monday, July 30.

The move comes just one month after Chase lost two of its senior dealers to Manufacturers Hanover Trust. Anthony Scamardella, formerly Chase's chief spot trader, and Kenneth Mahaffey, Chase's senior Swiss franc dealer, resign