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Ernst & Young agrees $9.3m settlement with SEC

SEC Building

The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3m to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules that ensure firms maintain their objectivity and impartiality during audits.

C Suisse names new asset management heads

Credit Suisse Tower

Credit Suisse has named Bill Johnson as head of Asset Management Americas and Michel Degen as head of Asset Management Switzerland and EMEA (Europe, Middle East and Africa), according to a memo seen by Reuters and confirmed by the bank.



London Canary Wharf

Russia’s VTB Capital tempers talk of a retreat from post-Brexit London

It is "definitely very early to say" what the implications of Brexit will be on the financial industry and on London, VTB Capital Global CEO Alexei Yakovitsky told CNBC Wednesday, in a softening of rhetoric following recent reports the Russian bank was considering moving its investment banking headquarters away from the U.K. capital.