Top Firm Imposes Strict Staff Travel Ban For Germany

Reuters reports that Credit Suisse has imposed a strict travel ban on staff travelling to Germany.

German authorities announced last week that it has launched a tax probe against 1,100 of the bank's clients, and was also investigating whether firm staff had been guilty of facilitating fraud.

In the meantime, Bloomberg reports that the US Treasury Department has blacked out the names of Citi executives who 'haggled' over bailout terms in 2008, as a raft of information is released to the public on this subject following receipt of a Freedom of Information request. The move was prompted by Citi's concerns that the executives could be harassed if their identities were revealed.

And Reuters reports that Colin BarnfieldNomura's co-head of investment banking in Asia, has resigned to join Citi. At least 10 former Lehman executives, who joined Nomura in September 2008, are thought to have left this month already.

Finally, The Financial Times reports that former Lehman CEO Dick Fuld will be grilled by US lawmakers again next month, and politicos will question him on the accounting irregularities highlighted in the comprehensive report published about the firm last week. Also up for another bashing are US Treasury Secretary Tim Geithner, Fed Chair Ben Bernanke and former SEC Chairman Chris Cox.

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