The Federal Reserve Bank of New York named TD Securities, the investment-banking unit of Canada’s largest lender by assets, a primary dealer in the first expansion of its roster of counterparties since 2011.
Julian Rifat, a former trader at Moore Capital Management LLC, faces eight insider-dealing charges over trades in companies including Barclays Plc and Volkswagen AG, making him one of the most-high profile suspects to face prosecution in a U.K. investigation.
Commerzbank AG asked a judge in London today to dismiss the claims from more than 100 current and former bankers at its Dresdner Kleinwort unit in the largest bonus dispute in the U.K. stemming from the financial crisis
Dresdner Kleinwort former Chief Executive Officer Stefan Jentzsch, who left the investment bank after last month’s takeover by Commerzbank AG, is forgoing his 2008 bonus as the industry grapples with the worst financial crisis since the Great Depression.
More than 100 bankers claim Commerzbank AG broke a pledge by Dresdner Bank, which it bought in 2009, to set aside about $516 million for bonuses and are asking a U.K. court this week to order that they be paid.