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Banking Couple Arrested On Insider Charges

Reuters reports that US prosecutors Thursday arrested a former Morgan Stanley financial analyst and her husband, a former VP over at ING Investment Management, claiming that the couple traded on non-public information and made up to $600,000 in illicit profits.

Morgan Stanley Pays Up

The New York Times reports that Morgan Stanley has agreed to pay $500,000 to settle US Securities & Exchange Commission (SEC) claims that it failed to 'properly supervise' an employee whose actions resulted in clients losing around $15m. The firm will pay up, but will not admit or deny the accusations.

ABN AMRO Rejects RBS Bid

Royal Bank of Scotland (RBS) faces some tough choices after Dutch bank ABN AMRO's board determined that its bid for US retail bank LaSalle is not superior to the offer already on the table from Bank of America (BofA). RBS's run at ABN AMRO depends very much on acquiring the LaSalle unit too.

Credit Suisse Banker Still Can't Leave Romania

The Associated Press has reported that Vadim Benyatov, the Credit Suisse banker who was arrested in Romania in November on commercial espionage charges, has finally been freed from clink after a successful appeal. He will, however, be required to remain in the country for a further 30 days, while prosecutors conclude their investigations.