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People News - JPMorgan, Macquarie, RBC, SocGen

Societe Generale

JP Morgan’s chairman of Australian operations has resigned from his directorships at the country’s bourse and sovereign wealth fund citing complications arising from a criminal prosecution over a stock issue the investment bank was joint-lead on.

Citigroup to pay $100m following state Libor probes

Skyscrapers - Wall Street

New York Attorney General Barbara D. Underwood announced Friday a $100 million settlement with Citibank for fraudulent conduct involving U.S. Dollar (USD) LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.

SEC charges Merrill Lynch for failure to supervise RMBS traders

Securities and Exchange Commission Building

The Securities and Exchange Commission Tuesday announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately $5.2 million.

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Societe Generale

People News - JPMorgan, Macquarie, RBC, SocGen

JP Morgan’s chairman of Australian operations has resigned from his directorships at the country’s bourse and sovereign wealth fund citing complications arising from a criminal prosecution over a stock issue the investment bank was joint-lead on.

Skyscrapers - Wall Street

Citigroup to pay $100m following state Libor probes

New York Attorney General Barbara D. Underwood announced Friday a $100 million settlement with Citibank for fraudulent conduct involving U.S. Dollar (USD) LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.

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Societe Generale

People News - JPMorgan, Macquarie, RBC, SocGen

JP Morgan’s chairman of Australian operations has resigned from his directorships at the country’s bourse and sovereign wealth fund citing complications arising from a criminal prosecution over a stock issue the investment bank was joint-lead on.