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Nomura sees profits triple

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Nomura's first-quarter profit more than tripled as a surge in brokerage commissions and investment-banking fees outweighed a drop in trading income.

Ex-Merrill Lynch powerhouse broker banned from securities


A former powerhouse investment broker, who managed $1.3bn for Merrill Lynch before he was fired, has been permanently banned from the securities industry for charging his customers excessive fees and making unauthorized trades, the industry’s regulator said Tuesday.

People News: C Suisse, Deutsche Bank

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Credit Suisse has hired Greenhill’s top technology dealmaker, Dhiren Shah, and Barclays banker David Kamo to run teams that advise clients including investment funds on mergers and acquisitions.



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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.