SPA newswire

North America

Dresdner Bank (New York) – Industry observers were taken aback by the news last month that Dresdner Bank cut 60 jobs at its New York office a week before bonus meetings took place. While there was clearly uncertainty as to the direction of the American branch after the ousting of US chief executive Charles Schiffer three months ago, the redundancies of the profitable staff – especially the talented team in structured products – raised eyebrows.

Another insider stated that the Dresdner situation

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