Page 907 


Big U.S. banks to catch break on calculating capital

Citi Building Sign

Eight of America's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside for risk- weighted assets, according to a source familiar with the situation.

C Suisse to pay $196m and admits wrongdoing

Sec Building

The Securities and Exchange Commission has announced charges against Credit Suisse Group for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.



For hire hiring

People News: Citigroup, Exotix

Anil Prasad, the former global head of foreign exchange and local markets at Citigroup, and his business partner Farhang Mehregani will start operating their own hedge fund in January after clearing regulatory hurdles in the U.K.