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Banking union needed 'as soon as possible': Trichet

European Union

Europe must make a decision as soon as possible on setting up a strong central authority to handle failing lenders, a key plank of establishing a successful banking union, former European Central Bank (ECB) president Jean Claude Trichet urged on Thursday.

ICAP fined $88m over Libor

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Three former ICAP employees were charged by U.S. prosecutors and the interdealer broker was fined $88m as the five-year-old probe into the rigging of benchmark interest rates ensnared another financial institution.

Crooked bankers should face prison

Prison Window

Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don’t have strict enough rules.




JPMorgan wins dismissal of whistleblower lawsuit

JPMorgan Chase & Co on Friday won the dismissal of a U.S. whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client's potential fraud, even after authorities exposed the massive Ponzi scheme operated by longtime JPMorgan client Bernard Madoff.

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Mid-market M&A review / league table

Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$649.4 billion for the first nine months of 2015, a 0.4% decrease year-on-year.