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Top asset manager cuts workforce

Log Pile

Pacific Investment Management Co. cut its workforce by 68 people, or about 3%, and is offering buyouts as assets under management have fallen in recent years, according to a memo obtained by Bloomberg.

C Suisse - No evidence of ex-banker mis-using position

Money On Hook

Credit Suisse said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal.

Ex-Goldman banker banned from industry

Dog Detective

A former Goldman Sachs banker who pleaded guilty to receiving documents that had been misappropriated from the Federal Reserve Bank of New York has been banned from the financial industry.