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Citi and JPMorgan said to place currency dealers on leave

Citi Building Sign

Citigroup and JPMorgan are putting their top London currency dealers on leave after regulators probing the manipulation of foreign-exchange rates started investigating the traders’ use of an instant-message group, three people with knowledge of the moves said.

Baird sees great opportunity in the London market

Baird Logo

Independent, employee-owned, international financial services firm Baird has announced that it has signed a lease and will move its London operations to a comprehensively redeveloped office building, Finsbury Circus House at 15 Finsbury Circus in London’s financial district.

BNP Paribas revenue hit by weak fixed income trading

Piggy Bank and Coins

BNP Paribas (Euronext Paris: BNP-FR) third-quarter net profit beat forecasts on Thursday, up 2.4 percent from the same period a year earlier. But the French lender highlighted weak trading at its fixed income unit.

Barclays' internal investigation results still to be revealed

Barclays Canary Wharf

A year ago, when Barclays' investment bank boss Rich Ricci was still at the bank, and part of the clean-up operation following the Libor fine, he told parliamentarians on the banking standards committee that the bank was looking at the integrity of 80 financial instruments and benchmarks where it was involved in setting prices.

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