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Hold Bank of America accountable: Analyst

Brian Fonzie Moynihan

Shareholders should throw out Bank of America's corporate governance board following its decision to promote CEO Brian Moynihan to chairman of the board in October, CLSA bank analyst Mike Mayo said Friday.

HSBC undertakes review

HSBC Canary Wharf

HSBC, Europe’s largest bank, started a review of where its headquarters should be, signalling it could move away from the U.K. because of increased regulatory burdens.

Barclays hopes for probe progress

Barclays Sign

Barclays is hoping to make 'significant' progress this year in resolving a series of investigations into potential misconduct by its employees, its chief executive said Thursday.

Citi unit must face Madoff claims

Bernie Madoff

A Citigroup unit and PricewaterhouseCoopers must face claims they played a part in costing investors more than $1bn in Bernard Madoff’s massive Ponzi scheme, an appeals court ruled.

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Blowing Whistle

Compliance whistleblower awarded in excess of $1m

The Securities and Exchange Commission has announced an award of more than a million dollars to a compliance professional who provided information that assisted the SEC in an enforcement action against the whistleblower’s company.

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Brian Fonzie Moynihan

Hold Bank of America accountable: Analyst

Shareholders should throw out Bank of America's corporate governance board following its decision to promote CEO Brian Moynihan to chairman of the board in October, CLSA bank analyst Mike Mayo said Friday.