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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.

UBS in ratings boost

UBS sign

UBS Group had the credit rating for its main operations raised by Moody’s Investors Service, which said the restructured investment bank and wealth-management business should help the bank weather a market downturn.

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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.