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LATEST

Wells Fargo Makes Out Like A Bandit

Citi and Wells Fargo have agreed to settle their spat over Wachovia, coming to a settlement which requires Wells to pay $100m to Citi to resolve 'all claims related to this dispute'.

JPMorgan Gaffer Gaffe

The Wall Street Journal's Deal Journal reports that CNBC made a faux pas last week when interviewing JPMorgan investment banking head Jes Staley.

Ex-Credit Suisse VP Awarded $2.4m

The Daily Mail reports that 36-year-old former Credit Suisse VP Oksana Denysenko has been awarded $2.4m by a UK Employment Tribunal after it was found that she was unfairly dismissed from her $127,000-a-year job in 2007 and sexually discriminated against.

Several Hundred Foreign Bankers Said To Flee London

The Telegraph reports that UK Chancellor George Osborne has apparently been engaged in high-level talks with 'a number of London's biggest financial institutions' as he tries to find out why several hundred foreign bankers have upped sticks and left the City this year.

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Champagne

Champagne trader gets 7 years

He used over £2 million of investors’ money to fund his lifestyle. He spent over £1 million in a casino, over £200,000 on designer watches and shoes, £60,000 on foreign travel, and over £600,000 in bars and nightclubs in London, Miami and New York.

US Capitol Building

DC has target on Wall Streeters: Evercore CEO

Sen. Elizabeth Warren's, D-Mass., success in defeating President Barack Obama 's pick for a prominent position in the Treasury Department is symptomatic of Washington's attitude toward would-be wealthy government appointees, Evercore Partners' CEO told CNBC on Friday.