Page 667 


JPMorgan execs said deposed

Holy Bible

JPMorgan executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank’s asset-management unit, according to people familiar with the situation.

HSBC said falling short on cleaning up its act

HSBC sign

HSBC is falling short on its agreement with the U.S. to clean up operations after clients laundered drug money and did business with terrorist regimes, according to two people familiar with a report from the bank’s monitor.

People News: Bank of America, Citi

Bank Of America Building

Bank of America Merrill Lynch has hired Marcus Hiseman from Morgan Stanley as head of corporate debt capital markets for Europe, Middle East and Africa (EMEA), according to an internal memo seen by Reuters on Monday.

Reuters - Barclays hiring news

I Love New York

Barclays has hired Barry Meyers, a former executive director at JP Morgan, to head its UK equity capital markets (ECM) team, a source familiar with the matter said on Monday.



Credit Suisse Tower

C Suisse needs to strengthen board of directors

Credit Suisse needs to strengthen its board of directors after the bank disclosed almost $1bn of writedowns linked to illiquid positions, David Herro, chief investment officer at Harris Associates, told Finanz und Wirtschaft.