Six private banking staff at UK private client business Singer & Friedlander were let go yesterday, a spokesman confirmed.
Six private banking staff at UK private client business Singer & Friedlander were let go yesterday, a spokesman confirmed.
Discussions on a possible sale of the business fell through on Sunday night, and the spokesman said a management bid is now also dead in the water, following a lack of response or help from administrators Ernst & Young, the SFIM board, or the FSA. The firm is still holding out a new round of talks, and a deal to be reached with external parties, by the end of the week.
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