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UN urged to swoop on vulture funds

Argentinian Flag

More than 130 developing countries have called on the UN to stop so-called vulture funds undermining debt restructuring deals like those at the centre of Argentina's US court battle.

JPMorgan puts more aside for 'human error'

JPMorgan Chase Tower

JPMorgan Chase CEO Jamie Dimon has pledged billions of dollars to improve compliance and cybersecurity. That’s not stopping regulators from treating the bank as if it were riskier than ever.

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Citi Building Sign

Citi to pay allowances for limiting bonuses

Citigroup has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people.

JPMorgan Chase Tower

JPMorgan puts more aside for 'human error'

JPMorgan Chase CEO Jamie Dimon has pledged billions of dollars to improve compliance and cybersecurity. That’s not stopping regulators from treating the bank as if it were riskier than ever.

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Bank Of America Corner Signs

BofA seeks 'Hustle' re-trial

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.