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How much will this decision cost firms ?

Paul Volcker Interview Pic

Wall Street banks, which already shut proprietary trading units that helped fuel record profits, are girding to learn next week how much revenue the Volcker rule may cut from the $44bn they say comes from market-making.

Banks hit with $2.3bn rate-rigging fine

The Captain Phillips Pirates

Some of the world's biggest banks have been hit with a 1.71 billion euros ($2.3 billion) fine for interest rate-rigging by traders, the largest fine ever imposed by the European Commission (EC).

Cohen unaware over source of dirty tips


SAC Capital Advisors fund manager Michael Steinberg told the analyst who gave him inside tips on Dell that the fund’s founder, Steven A. Cohen, wasn’t aware they were obtained illegally.



George Soros - Festival Economia 2012

Soros firm said to withdraw almost $500m from Gross fund

George Soros’s firm pulled almost $500m from an account run by Bill Gross, money it invested last year after the bond manager left Pacific Investment Management Co. to run a new fund at Janus Capital Group, according to a person familiar with the matter.

Lanes Merge Road Sign

Evercore announces extended M&A deal with Mizuho

Evercore Partners have announced that Evercore, Mizuho Bank, and Mizuho Securities have extended their mergers and acquisitions cross-border alliance for an additional three year period and expanded it to operate on a global basis.