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No bank breakup needed with right regulations: Weill

Sandy Weill

The big banks don't have to be split if the "right regulation" is in place, Sandy Weill, former chairman and CEO at Citigroup, told CNBC on Tuesday, a year after he shocked the financial world by calling for the breakup of the investment banking and commercial banking operations.

Deutsche faces hearing over fired traders

Deutsche Bank - External

Deutsche Bank faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.

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