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More Departures at JPMorgan

JP Morgan

JPMorgan Chase's Barry Zubrow, who oversaw risk management while the bank amassed credit- derivative bets that led to a multibillion-dollar trading loss, will retire at the end of this year.

Paul Tucker Favourite to be Next Governor of Bank of England

Bank Of England Logo

The race to become next governor of the Bank of England will enter the final straight on Monday morning as applications close in the search for a successor to Mervyn King. The inside candidate, Paul Tucker, is viewed as the favourite despite his stumble during investigations into the Libor scandal.



Statue Of Liberty

DOJ to announce currency manipulation settlement

The Department of Justice will announce a currency manipulation settlement with some major international banks as early as Wednesday, with certain bank holding companies expected to plead guilty to rigging foreign exchange markets.