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Nomura’s appointment of domestic brokerage head Koji Nagai as the new chief signals a retrenchment into its home market as Japan’s biggest investment bank reels from an insider-trading scandal and losses abroad.
Dutch lender Rabobank has fired four employees between 2008 and last year over the manipulation of interbank lending rates, a scandal which has now engulfed a dozen or more major banks around the world, a Dutch newspaper reported on Friday.
by Cora Currier, ProPublica.
By Neil Barofsky
The U.S. Justice Department is preparing to file charges this fall against traders from several banks in the global probe of interest rate-rigging. Meanwhile, U.K. prosecutors haven’t even decided whether they have a case.
By CNBC Staff Writer Catherine Boyle
Wells Fargo plans to increase its workforce in Asia by at least 10 percent over the next three years as rivals slow their expansion in the region.
The Securities and Exchange Commission has announced an award of more than a million dollars to a compliance professional who provided information that assisted the SEC in an enforcement action against the whistleblower’s company.
Bank of America hired corporate-debt trader Deets Sankaranarayan from Goldman Sachs, according to people familiar with the matter.