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A former Morgan Stanley banker and ex-motor racing boss Max Mosley sued Google in separate U.K. bids to force the world’s biggest search provider to block information about them on the Web.
The bosses of leading City firms are to be made more accountable for their actions under proposals that could make them wait up to seven years for their bonuses and potentially be jailed if their banks fail.
UBS is facing claims of more than $600m from clients who say the bank is responsible for losses they incurred on investments in risky Puerto Rico debt, UBS said in its quarterly report on Tuesday.
New York Attorney General Eric Schneiderman has launched an investigation into whether bank giant Credit Suisse misled investors about its 'dark pool' trading platform, The New York Post has learned.
New York’s banking regulator is pressing to put monitors in place at Deutsche Bank and Barclays as part of an investigation into whether traders manipulated benchmark currency rates, a person briefed on the matter said.
Barclays has cut just under 5,000 staff this year as part of its plan to streamline the bank and axe areas that are unprofitable, leaving the bank with fewer staff than at any time since 2007.
The U.K. authorities have announced plans which could involve banks demanding the repayment of seven-year-old bonuses.
Barclays investment banking profits almost halved in the first half compared to the same period last year, as trading revenues slumped.
Deutsche Bank Co-Chief Executive Officer Juergen Fitschen is seeking to keep prosecutors from filing charges against him. If he fails, he may have to juggle his duties with his defence as his predecessor did a decade ago.