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C Suisse accused of defrauding investors

Pointing The Finger

Credit Suisse defrauded investors of more than $1bn by misrepresenting the risks of its residential mortgage-backed securities, acting New Jersey Attorney General John J. Hoffman said in an interview.

JPMorgan sues FDIC

Jamie Dimon

A five-year battle between the largest U.S. bank and one of its regulators escalated Tuesday when J.P. Morgan sued the Federal Deposit Insurance Corp. over the messy 2008 purchase of Washington Mutual‘s banking operations.

People News - BofA replaces, Goldman names new head

Wall Street Bull

Bank of America's head of equities sales for the Americas Michael J. Lynch was replaced by Miceal Chamberlain and Edouard Matitia-Cohen as global equities chief Fabrizio Gallo shakes up the team, said two people with direct knowledge of the move.



Barclays Canary Wharf

Barclays appoints new Deputy Chairman

Barclays have announced that Sir Gerry Grimstone has been appointed as their non-executive Director with effect from 1 January 2016 and will succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman with effect from 1 January 2016.