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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.



RBS building

RBS exec said told client about Libor support in 2007

A Royal Bank of Scotland executive told a hedge fund client as early as August 2007 that banks were setting Libor rates to support their own trading, according to evidence from a U.K. lawsuit alleging that RBS’s misconduct has yet to be fully exposed.