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War for talent in Dubai


Within 18 months of leaving his trading job to open a lunchtime eatery at the Dubai financial centre in 2011, Nabil Al Rantisi was back: selling stocks and rebuilding one of the city’s largest brokerages.

Ex-Pimco CEO's resignation surprised firm

Exit Sign

Pimco Chief Executive Douglas Hodge said the resignation of his predecessor Mohamed El-Erian caught everybody by surprise but an internal succession plan enabled the bond fund manager to distribute his tasks swiftly.

16 firms sued over Libor

Bank Of America & Credit Suisse - Canary Wharf

Bank of America, Citigroup and Credit Suisse were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance for allegedly manipulating the London interbank offered rate from 2007 to 2011.

Wells Fargo probed over foreclosure papers

Pointing Finger

New York Attorney General Eric Schneiderman and three major regulators are investigating allegations made in a federal court case that Wells Fargo has set up detailed internal procedures to fabricate foreclosure papers on demand.