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Banks told: Behave or risk being broken up

Pointing The Finger

Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William C. Dudley, president of the Federal Reserve Bank of New York.

Banker sues Barclays over alleged discrimination

Barclays Sign

A former Barclays Plc unit managing director in Latin America sued the company over its pullback from the region, claiming the bank broke a contract with him and violated New York human rights laws for allegedly discriminating against employees of Latin American descent.



Brazilian Flag

C Suisse said to cut Brazil fixed-income unit

Credit Suisse, the third-biggest investment bank by revenue last year in Brazil, is cutting nine executives from its fixed-income and structured-products business in the nation amid an industry slump, said two people with knowledge of the matter.