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C Suisse faces a tough decision

Tidjane Thiam

Credit Suisse faces a tough decision: either double down on its expensive debt operation or retreat from a business it has long viewed as a cornerstone in the U.S.

JPMorgan says more trading pain to come

Trading Desk

JPMorgan Chase, the first big U.S. bank to report earnings after the third-quarter’s market tumult, missed analysts’ estimates and cautioned that trading is off to a tepid start this quarter.

UBS to pay $19.5m to settle SEC charges

Sec Building

The Securities and Exchange Commission has announced that UBS AG has agreed to pay $19.5m to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy.



Courtroom Gavel

Jury reaches verdict on one Barclays trader in libor case

The jury in the trial of five former Barclays traders over Libor-rigging allegations said they’ve reached a decision on one of the defendants, and were told by the judge that he would accept a non-unanimous verdict on the rest after the panel said they’d reached an impasse.