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EX-UBS banker to become head of regulator

For Hire

The Swiss government is set to appoint British-born former banker Mark Branson as the first non-Swiss national to head its financial regulator, two sources said, just as the body probes currency markets and prepares for a major review of big banks.

Deutsche Bank's offices searched

Deutsche Bank - External

German prosecutors widened an investigation to include a second Deutsche Bank board member in another twist to the lender's legal battle with heirs of late media mogul Leo Kirch that included a search of the bank's headquarters on Tuesday.

New payout could make more Madoff victims whole

Money On Hook

Victims of the epic Madoff Ponzi scheme could get back another $349 million under a proposal submitted to the bankruptcy court Tuesday by trustee Irving H. Picard. The proposed distribution, the fourth since the scandal broke, brings the total payout to nearly $6 billion.



Great trading bloopers of our time

Here's a quick look at some of the trading disasters which have occurred in recent years. Note that these are genuine foul-ups (or 'fat-fingered' trades), and not losses down to rogue traders.