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Ex-Deutsche bank analyst banned for a year

SEC Building

A former Deutsche Bank analyst once ranked among the best in the U.S. will pay a $100,000 penalty and be banned from the securities industry for a year to settle a regulator’s claims that he issued a buy recommendation at odds with his personal opinion.

Most HSBC managers won't get pay rises in 2016

HSBC Canary Wharf corner

The majority of managers at HSBC’s UK retail and wealth group will not receive a pay rise this year, a spokesman for HSBC confirmed this evening, despite the bank U-turning on a policy to enact a pay freeze.

UBS activist sold stake in bank


Knight Vinke Asset Management sold its stock in UBS as the activist fund, led by Eric Knight, said it remained concerned about the size of the Swiss company’s investment banking arm.