Reuters: US Dollar Report: ICAP to cut 70 jobs in London - sources

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ICAP to cut 70 jobs in London - sources Jun 29th 2012, 08:12 By Luke Jeffs and Edward Krudy LONDON/NEW YORK, June 29 | Fri Jun 29, 2012 4:12am EDT LONDON/NEW YORK, June 29 (Reuters) - ICAP, the world's largest derivatives broker, is to cut 70 staff in its London office, people familiar with the matter said, in line with its pledge to cut cost by 50 million pounds ($77.53 million) this year. The broker has also laid off about 30 staff from its flagship New York office, one of the sources said.

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