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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.

Deutsche Bank said to have lost chat logs


Deutsche Bank is seeking to recover internal electronic chat transcripts that were left out of disclosures to regulators during a probe into interest-rate rigging, according to people briefed on the matter.

HSBC's profit up 2% in first half

HSBC HQ London 2

HSBC reported a 2 percent year-on-year rise in adjusted pre-tax profit to $13 billion for the first half, after a strong performance in Hong Kong.

People News: Bank of America, HSBC, UBS

HSBC building at night

Jennifer Mihocko-Tierney, Bank of America's head of electronic foreign-exchange sales for the Americas, has left the company, according to two people with knowledge of the matter who requested anonymity to discuss personnel matters.



money cuts

Nomura cuts pay

Nomura Holdings has cut pay for its top executives by 18% to the lowest level in three years after profit at Japan’s biggest brokerage slumped and losses abroad swelled.