Relying less on investing in international markets and more on serving corporate customers, First Chicago NBD Corp. is restructuring its foreign operations to cut costs.

The $122 billion-asset company announced Monday that it is merging the former First Chicago and NBD London offices. The merged office will serve customers in Europe, Africa, and the Middle East. Company officials said a small number of employees would be laid off from the total of 500 that work in the two London offices.

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