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Standard Chartered said looking for new investment bank head

Standard Chartered Shanghai Towers

Standard Chartered is working with an executive search firm to find an external candidate to replace Mark Dowie to head its corporate and institutional business as part of Chief Executive Officer Bill Winter’s management overhaul, according to a person with knowledge of the matter.

Challenging times for 'the Goldman Sachs of China'

Pointing Finger

By launching a probe into possible insider trading at Citic Securities, China’s biggest and most prestigious brokerage, President Xi Jinping’s government has signalled the financial services industry is fair game for its anti-corruption drive after a stock market bust wiped out $5 trillion in market value.

People News: HSBC, JPMorgan


An economist for HSBC in Moscow became the latest to join a Russian state institution as profits in the financial industry suffer from the country’s first recession since 2009.



Goldman Sachs Blink

Goldman agrees to end $1bn lawsuit with hedge fund

Goldman Sachs and an Australian hedge fund agreed to end a $1bn lawsuit over the sale of mortgage-linked securities, including an investment known as “Timberwolf” that became a symbol of the financial crisis after it was cited in internal e-mails released by U.S. lawmakers.