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发帖数: 240 | 1 Fortis Securities let go about 14 investment bankers, traders and sales
professionals
from its structured-credit team in New York on Monday, including group
head James Frischling.
The layoffs leave only about a dozen staffers in the unit, raising questions
about
its ongoing survival. The division underwrites CDOs and puts together
commercial-
paper conduit deals on behalf of clients and Brussels-based parent Fortis
Group. It also buys and sells leveraged loans and structured products on the
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