ABN Amro has closed its 24-hour desk in Chicago in order to take "full advantage" of its global branch network of roughly 35 dealing operations around the world, says chief dealer John Nelson.

Bank of Ireland is closing down its forex operation in New York and has decided to handle that business out of its Dublin-based headquarters where it is creating a global operation, confirms head of forex Michael Swift. The operation is 30-stong, including trading and support, which includes eight

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