BoA Consolidates German & French Capital Markets Trading In London

BANKS

Bank of America (BoA) is consolidating its German and French based capital markets trading operations in London, an official confirms. The bank will maintain a sales and marketing function in those countries, but is moving the market making, book-keeping and proprietary trading business to the City.

The German and French operations will now focus on corporate sales and marketing, money markets and short-term interest rate trading, the official says, while the other capital markets functions (

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