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Goldman Sachs given two years

Lloyd Fonzie Blankfein

Goldman Sachs will have another two years to separate derivatives trading from units that get federal backing, according to a letter to the bank posted on the Federal Reserve website.

UBS investment banking unit - 6 out, 7 in

Sunset in Tokyo, Japan

Six UBS bankers left the investment banking unit in Japan, said two people familiar with the situation, and the firm hired seven people for equities in the world’s best-performing major stock market.

BlueCrest hires 3 credit traders

For Hire

BlueCrest Capital Management, the $36bn hedge-fund firm run by Michael Platt, hired three credit traders as Wall Street’s biggest banks pull back from riskier businesses.