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VTB Europe backs out of London loans franchise

Breaking news - 23 June 2009

VTB Europe, Russian investment bank VTB Capital’s London-based franchise, has made big cuts in its loan syndications business after an intense hiring spree two years ago. James Nisbet, who headed the loans team, and at least one other banker are understood to have left as the Russian loan market continues to suffer from a lack of a substantial international deal flow...

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