ABN Amro has laid off 30 fixed-income staff in the US as part of a wider reorganisation that will see 110 jobs go across the US institutional business and 1,350 jobs cut worldwide.

The latest layoffs centre on the firm's fixed-income research business, according to sources close to the bank. A spokesman said: "We announced changes to our wholesale clients business in December last year and they are being implemented."

Anuj Gangahar in New York

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ABN Amro cuts 30 from US fixed income

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