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Carney: Strategic shake-up at Bank of England

Bank Of England Building

Mark Carney, the Governor of the Bank of England, pledged to appoint a new Deputy Governor at the Bank to lead a "root and branch" review of its strategy, after suspending an official over the foreign exchange market manipulation scandal.

Forex manipulation: How it worked

Pointing The Finger

The investigation into alleged manipulation of the foreign exchange market now takes in most of the world's biggest banks, regulators in three continents, potentially hundreds of traders - and now the U.K's central bank.

JPMorgan veteran in 'shock' at M&A fees

Sunset in Tokyo, Japan

Therese Esperdy, a 17-year JPMorgan veteran, suffered what she called 'initial shock' in her first few weeks in Asia after three people told her some clients don’t want to pay merger-advisory fees.



Bank Of England Building

Warning about higher base salaries

Regulations surrounding bankers' pay, particularly the EU bonus cap, have lead to fixed salaries representing a higher proportion of total pay packets, meaning financial institutions are less capable of reacting to a downturn, the Bank of England has warned.