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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

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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.

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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.