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BlackRock may face action over money manager

Pointing Finger

BlackRock, the world’s biggest money manager, said regulators are considering filing action against the firm over a former money manager who used BlackRock funds to invest in a company with which he had financial ties.

BNP Paribas dollar clearing ban to start in 2015

Money On Hook

BNP Paribas won a reprieve during final talks to settle a criminal probe into U.S. sanctions violations, giving the bank six months to prepare for a ban on handling certain dollar transactions, according to a person with direct knowledge of the matter.

Henderson strengthens North American business

For Sale

Henderson Global Investors has entered into an agreement to acquire the entire issued share capital of Geneva Capital Management. Founded in 1987, Geneva has assets under management of $6.3bn¹ in Mid- and Small-Cap US growth equities.

London's bankers 'to reignite UK economy'


Financial and business services in the U.K., based in the heart of the capital, are the country's biggest exportable service and are now likely to be the key sector that will help plug the current account deficit and bring it back to balance.

Barclays hires top law firm for dark pools probe

Barclays Canary Wharf

Barclays has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its 'dark pool' trading venue, according to people familiar with the matter.