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FSA Chief Criticises City Bonuses

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Hector Sants, chief executive of the Financial Services Authority, has criticised top bankers for continuing to take their bonuses and said they should act with "integrity" when running their businesses.

SEC Charges Former CalPERS CEO and Friend

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The Securities and Exchange Commission has charged the former CEO of the California Public Employees' Retirement System (CalPERS) and his close personal friend with scheming to defraud an investment firm into paying $20m in fees to the friend's placement agent firms.

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