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Goldman agrees to pay $270m

Oliver Twist

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.



Citi Building Sign

Citi top currency trader - survey

Citigroup is the world’s largest currency trader by market share, according to a Euromoney Institutional Investor survey, the third straight year the bank has led the rankings.

way out

Two top Merrill Lynch executives to leave firm

Sam Chapin and Dan Cummings, senior Merrill Lynch executives who helped meld the firm to Bank of America after the financial crisis, plan to step down as vice chairmen, ending more than 50 years of combined work at the company.