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Barclays ordered to pay ex-traders' legal fees

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Barclays must pay legal fees for three former traders charged in the U.K. with manipulating the Libor after a U.S. judge rejected the bank’s request to toss the suit because the trio had failed to show evidence of retaliation.

People News: Goldman Sachs

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Goldman Sachs’s top two executives in Russia are leaving, part of an overhaul of its management in a country mired in its first recession in six years.

BofA expected to cut 200 jobs


Bank of America is cutting about 200 jobs in its trading and investment-banking units around the world, including dozens in the U.S., after CEO Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to a person familiar with the decision.