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Merrill Lynch to pay $131m over Norma

Merrill Lynch Building Sign

The Securities and Exchange Commission has charged Merrill Lynch with making faulty disclosures about collateral selection for two collateralized debt obligations (CDO) that it structured and marketed to investors, and maintaining inaccurate books and records for a third CDO.



Deutsche Bank - Foyer Bridge

People News: Deutsche Bank

Ashok Aram, who heads Deutsche Bank in the Middle East and Africa, will expand his role to take charge of Europe as the bank reduces its global coverage to five regions from seven.

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.