Bishop And Indosuez London Team Leave But Not Bound For Lyonnais, Say Officials

BANKS

Banque Indosuez's treasury in London was reportedly decimated when assistant general manager and treasurer David Bishop resigned with between seven and ten members of the spot team, according to market sources.

Although rumours began circulating on October 12, Indosuez officials would say only that part of the spot team had left and would not name names. They say that the bank's FX desk is continuing to operate and serve its clients as usual.

However, market sources say that in addition to Bishop

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