Bloomberg News reports that the bank’s Chicago office - which houses units including front-office trading, operations and treasury - will be reducing headcount, said the people, who asked not to be identified discussing personnel matters. Some operations staff are being offered the choice of losing their jobs or relocating to the bank’s location in Jacksonville, Florida, the people said.
Troy Gravitt, a spokesman for the bank, declined to comment on the firm’s plans for the office. Operations functions hosted there include those for listed derivatives and supporting trading at the Chicago Mercantile Exchange and Chicago Board of Trade.
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