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Chevron CEO: US energy policy needs change

Oil Barrels

Chevron plans to increase its oil and gas production by 20 percent by 2017, but most of the growth will be abroad, in part because U.S. policy isn't "pro-development," CEO John Watson told CNBC's "Closing Bell" on Tuesday.

Carney: Strategic shake-up at Bank of England

Bank Of England Building

Mark Carney, the Governor of the Bank of England, pledged to appoint a new Deputy Governor at the Bank to lead a "root and branch" review of its strategy, after suspending an official over the foreign exchange market manipulation scandal.

Forex manipulation: How it worked

Pointing The Finger

The investigation into alleged manipulation of the foreign exchange market now takes in most of the world's biggest banks, regulators in three continents, potentially hundreds of traders - and now the U.K's central bank.

JPMorgan veteran in 'shock' at M&A fees

Sunset in Tokyo, Japan

Therese Esperdy, a 17-year JPMorgan veteran, suffered what she called 'initial shock' in her first few weeks in Asia after three people told her some clients don’t want to pay merger-advisory fees.




High-Yield funds go through challenging times

Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900m it has under management to investors next month, according to a statement Monday from the company.

Moscow Traffic

Deutsche Bank pays token fines over Russian mirror trades

Russia’s central bank fined Deutsche Bank less than $5,000 for compliance failures in a probe into alleged trading violations, said people with knowledge of the matter, after the Russian regulator audited transactions at the bank’s Moscow office that are under broader scrutiny by U.K. regulators and U.S. prosecutors.