UK Court Rules Against Citigroup in Dispute with Former FX Trader – Reuters A London employment tribunal has ruled against US bank Citigroup on Tuesday in a dispute over the dismissal of a foreign exchange trader.
US Targets RBS, JP Morgan Executives in Criminal Probes – Wall Street Journal (subscription) Investigations center on mortgage securities sold before the financial crisis; no decisions yet on whether to bring charges. BOE’s
Broadbent Sees Argument for Looking Through Price Shocks – Bloomberg Bank of England officials should look through temporary factors pushing down inflation and take a flexible approach to returning price growth to target, according to Deputy Governor for Monetary Policy Ben Broadbent.
Capital Markets Connectivity – The Future is Now – TABB Forum Connectivity is the lifeblood of today’s electronic markets. But getting all of the complex networking right is a major challenge and expense for market participants.
Big African Debt Burdens, Written Off, Are Back Again – Wall Street Journal (subscription) A decade after Bono and other stars helped bring relief, some nations’ borrowings are approaching the same levels.