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Barclays banker denies knowledge of Libor rigging

Gavel

A Barclays investment banker said his friendship with a former employee on trial for conspiring to manipulate Libor doesn’t mean he had any knowledge of attempts by multiple traders under his supervision to rig the benchmark rate.

People News: Harvard, C Suisse, Evercore

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Harvard University appointed Bob Jain, global head of Credit Suisse Asset Management who is joining Millennium Management, to the board overseeing its $37bn endowment, the fourth outsider added in the last year as the fund restructures.

BofA shareholders OK pay

Bank of America

Bank of America shareholders elected all 13 directors nominated by the bank at its annual meeting on Wednesday, while approving compensation for top executives in a non-binding decision.

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Deutsche Bank - External

Deutsche Bank posts surprise

Deutsche Bank posted a surprise profit in the first quarter as legal expenses dropped and the company’s trading businesses performed better than analysts had expected.