Merrill Lynch to axe 50% of London and NY forex staff

- Marcus Jones
- 26 Jan 2009

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

LONDON & NEW YORK - Half of Merrill Lynch's foreign exchange team will lose their jobs as a result of Bank of America's (BoA) takeover, market sources have told FX Week .

The job cuts will reportedly affect FX staff in London and New York. Merrill Lynch refused to comment on the number of FX jobs that will be lost, but confirmed that redundancies had begun across the bank as part of the global headcount reduction of 35,000 announced in December by BoA.

There is good news though for Merrill

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com