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People News: Bank of America, Rabobank, C Suisse

Bank Of America Corner Signs

Bank of America Merrill Lynch has hired Michael Wise, a banker specializing in equity sales for financial institutions, as a vice chairman of global equity capital markets, the firm announced in an internal memorandum on Monday.

Judge approves Commerzbank sanctions deal


Commerzbank and government lawyers gained federal court approval of a $1.45bn agreement to defer prosecuting the lender for violating U.S. laws, including sanctions on doing business with Iran and Sudan.

Mizuho to hire up to 200 RBS staff

For Hire

Mizuho Financial Group plans to hire as many as 200 people from Royal Bank of Scotland in the U.S. as part of its deal to buy loans from the lender, a person with knowledge of the matter said.



Boardroom Table

Schroders said to make changes at board level

Schroders is preparing to refresh its board with two new non-executives this year as part of an olive branch to investors concerned about the unorthodox decision to appoint the wealth firm’s long-standing chief executive Michael Dobson as chairman.

Sunset in Tokyo, Japan

C Suisse penalised for leaking information

Credit Suisse became the second global bank to be penalised in Japan for leaking information about a company’s earnings, amid a regulatory probe that has raised questions about how brokerages handle stock research in the country.