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People News: Barclays, JPMorgan, Deutsche Bank

Italy Flag

Scott Wede, Barclays’ New York-based global securitized-products trading head, is retiring more than a decade after joining the British bank as foreign lenders used a wave of hiring to become competitors in the U.S. bond business.

Houlihan Lokey acquires McQueen

Houlihan Lokey Logo Large

Houlihan Lokey has announced that it has agreed to acquire McQueen Limited (McQueen), a London-based independent advisory firm that provides corporate finance and other strategic advisory services to clients in the consumer sector. The agreement was signed on July 20 and is expected to close following regulatory approvals.

U.S judge rejects HSBC's bid to dismiss lawsuit

American courtroom

A federal judge rejected HSBC's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37bn of residential mortgage-backed securities contributed to the downfall of five federal credit unions.

SFO mulls Barclays deal over banking crisis funding

Barclays Canary Wharf

The Serious Fraud Office has raised the possibility of offering Barclays a deferred prosecution agreement as part of its long-running investigation into the way the bank raised billions of pounds from Middle Eastern investors during the height of the 2008 banking crisis.