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Hold Bank of America accountable: Analyst

Brian Fonzie Moynihan

Shareholders should throw out Bank of America's corporate governance board following its decision to promote CEO Brian Moynihan to chairman of the board in October, CLSA bank analyst Mike Mayo said Friday.

HSBC undertakes review

HSBC Canary Wharf

HSBC, Europe’s largest bank, started a review of where its headquarters should be, signalling it could move away from the U.K. because of increased regulatory burdens.

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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.