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New FCA boss: Time to end banker-bashing

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Banker-bashing: it's one of the UK's favourite hobbies. But now the soon-to-be boss of the Financial Conduct Authority (FCA), Andrew Bailey, has said it's time to start using the carrot, rather than the stick.

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Illinois joins California in suspending Wells Fargo

Illinois is joining California in suspending Wells Fargo from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.