Cowen Lays Off Staff in Credit Sales and Trading After TD Deal
- The broker-dealer grew its credit team in recent years
- TD completed its acquisition of Cowen earlier this year
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Cowen Inc. has laid off staff in its credit sales and trading group, according to people with knowledge of the matter.
Affected workers were informed Friday, said the people, who asked not to be named discussing confidential personnel decisions. A representative for Cowen declined to comment.