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Danske Bank lays off global head of forex business

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Danske Bank cuts 50 jobs in FX, fixed income business

FILE PHOTO: A Danske bank sign is seen on a bank's headquarters in Copenhagen, Denmark October 22, 2019. REUTERS/Nikolaj Skydsgaard/File Photo

Danske Bank’s new chief executive Chris Vogelzang said earlier this month that the bank needed to cut up to 15% of staff-related costs in its fixed income and foreign exchange business in the short term.

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