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Report - Barclays CFO: no credible plan investment bank

Barclays Canary Wharf

In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.

Key EU banking reform laws approved

Five Euro Note

European lawmakers on Tuesday approved key laws reforming the euro zone's banking sector, completing a "banking union" which will protect taxpayers from having to pay for costly bank bailouts in future.

Bitcoin defies talk of China crackdown

Bitcoin

The price of bitcoin rose on Tuesday despite growing uncertainty regarding regulation in China, including a possible deadline for the country's banks to stop handling the virtual currency.

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Hedge fund manager dodges subway fare - for 5 years!

A high-flying City of London executive managed to dodge paying the full fare on his daily commute into London for five years - and took only three days to pay back the £43,000 ($72,000) he owed when he finally got caught.

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