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Bank of America said to have let bankers go


Bank of America has axed three investment bankers from its Brazilian unit and is in the process of eliminating seven from its brokerage in Chile as part of a series of global cuts, according to people with knowledge of the matter.

Trader arrest said linked to Russian probe of Deutsche Bank

Moscow Traffic

A former shareholder of Promsberbank, a lender whose license was revoked last year, was arrested in Moscow earlier this month as regulators probe trades handled by Deutsche Bank that may have been used to launder money, according to two people with knowledge of the investigation.




C Suisse to sell distressed assets

Credit Suisse has begun selling $1.9bn of distressed-debt holdings that triggered losses at the end of last year, as part of an overhaul by CEO Tidjane Thiam, people with knowledge of the matter said.

Citi Building Sign

Citi receives subpoena in FIFA probe

Citigroup said it received a subpoena from the U.S. Attorney for the Eastern District of New York regarding the bank’s possible role in bribes paid to international soccer officials.