Alain Delelis, the head of FX trading and global proprietary trading at Bank of America, and Alastair Hollingdale, the head of international rates trading at the bank, have quit within two days of each other after receiving their bonuses.

Alain Delelis will leave the role of head of global spot and emerging market trading and overall head of Europe, Middle East and Africa foreign exchange which he assumed in 2004 as part of the bank's push into global foreign exchange markets. According to a source, he will to "pursue options off the trading floor" .