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ABN Amro cuts seven analysts in research overhaul

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Seven investment-grade analysts, including head of credit research Roger Appleyard, have lost their jobs in the merger of ABN Amro's credit and equity research teams.

The bank believes single-name investment-grade research has become so commoditised that clients can now get this information from third parties such as rating agencies, says a source close to the bank. "The thinking is, don't give

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