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Citi restates Q3 results

Citi Building Sign

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.

RBS sets aside £400m for FX probes

RBS building

Royal Bank of Scotland (RBS ) made a total pre-tax profit of £1.27 billion ($2.03 billion) in the third quarter thanks to previously underperforming loans in Ireland being revalued.



Morgan Stanley HQ

People News: Morgan Stanley

Morgan Stanley has appointed Saher Bin Jung as head of trading for sterling corporate bonds in London, according to a person familiar with the matter.

london underground

Why Schroders' reshuffle looks like a triumph of chumminess

Well played, Michael Dobson, that was a terrific 14-year innings as chief executive of fund manager Schroders, one of the few grand old City names to flourish in the modern world. A loss-making company in 2001 now makes profits of £600m. Take a bow, have a party and enjoy your retirement.