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Board of Standard Chartered backs CEO and chairman

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The board of Standard Chartered last night issued a statement backing its chief executive and chairman ahead of a board meeting in Singapore on Tuesday that comes in the wake of last week’s profits warning and a new investigation by US regulators.

Citi restates Q3 results

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Citigroup has revealed that it’s facing a U.S. criminal probe into the bank’s foreign-exchange business and took a $600 million legal charge that forced it to restate third-quarter results.



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C Suisse dragged into Russian client dispute

Credit Suisse has been dragged into a second criminal complaint brought by two Russian clients who claim that a former manager in the bank’s wealth management unit made unauthorized transactions to cover up trading losses.