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Bank Leu Sacks Two After Forex Trading Losses

BANK Leu, a Zurich-based private banking subsidiary of the Credit Suisse Group, has sacked two investment advisors after they lost up to 20 million Swiss francs on unauthorized foreign exchange trades.

A spokesperson for the bank says the two former staff -- who have not been named -- were fired last May after their fraud was uncovered by Bank Leu's internal control group.

Bank Leu is now

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