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Regulator bans ex-RBS libor submitter

FCA Logo

The Financial Conduct Authority (FCA) has banned Paul White from performing any function in relation to any regulated financial activity and publicly censured him. Were it not for Mr White’s serious financial hardship, the FCA would have fined him £250,000 ($357,575).

Wells Fargo's timing couldn't have been worse

Oil Barrels

At its annual investor conference in San Francisco in May 2014, with oil trading at $102 a barrel, Wells Fargo boasted that in just two years it had almost doubled its energy exposure and seized the title of Wall Street’s top oil and gas banker.