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Bank of America does deal over independent chair concerns

Brian Fonzie Moynihan

An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair, easing some of the pressure the bank faced after giving its Chief Executive Brian Moynihan the additional title of chairman last year.

JPMorgan trader said suspended

JPMorgan still

JPMorgan has suspended a foreign-exchange trader over allegations of wrongdoing related to his work at Royal Bank of Scotland, according to a person with knowledge of the decision.

Citigroup loses Abu Dhabi arbitration appeal

Citi Building Sign

Citigroup lost an appeal on Wednesday aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's $7.5bn investment in late 2007 to shore up the then-struggling bank.