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Report - Deutsche Bank criticised by FCA

Deutsche Bank - Foyer Bridge

Britain's financial regulator has harshly criticized Deutsche Bank's top management for failing to cooperate in its probe of the rigging of benchmark interest rate Libor, German magazine Der Spiegel said on Saturday.

Northern Trust beefs up Melbourne, Australia, office

Northern Lights

Northern Trust has announced it has established an asset management sales and client servicing team in its Melbourne, Australia, office to offer its full range of customizable asset management solutions to institutional investors across Australia and New Zealand.