Macquarie Says it May Close European Structured Products Unit

Macquarie Group Ltd., Australia’s biggest investment bank, said it may close its European structured products and exotic financial instruments operations.

The lender is reviewing options for the businesses, including closure, Macquarie said in an e-mailed statement today. The advisory, equity trading, research and fund management units aren’t affected by the talks, the bank said.

Karen Smith, a spokeswoman for the bank in London, declined to comment on how many employees may be affected.

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