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DHR International finds banks still looking after proprietary trading

DHR International finds banks still looking after proprietary trading

UK banks will still hire and employ 26 workers to look after their proprietary trading businesses, even though a regulatory crackdown on the practice has made it more expensive for banks to trade on their own behalf – The FT reports.

Data from executive recruitment firm DHR International has found that 26 management-level employees are listed as responsible for proprietary trading. This form of trading has been out of favour with regulators ever since the financial crisis.

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