Deutsche Bank AG’s Japanese securities unit entertained officials from 45 funds that manage public pensions, according to a report obtained by Bloomberg News, signaling that the potentially illegal practice was more widespread than regulators disclosed.
Barclays Plc’s global head of compliance for consumer banking and the Barclaycard credit-card unit, Jeremy Marsden, has left after less than a year in the position, according to a person with knowledge of the matter.
Morgan Stanley and Banco Santander SA are hiring executives from the U.K. markets regulator for their London operations, as banks look to the watchdog for staff to see them through -- and keep them clear of -- probes.
Barclays Plc, the bank fined for Libor manipulation, hired former Financial Services Authority Chief Executive Officer Hector Sants as head of compliance and government and regulatory relations, a newly created role.
U.K. Financial Services Authority Chief Executive Officer Hector Sants said British banks’ future bonus and dividend payments will depend on their satisfying regulators that the payments won’t weaken capital reserves or erode sound risk management, the Financial Times reported, citing an interview with Sants, who is to become head of the planned Prudential Regulatory Authority.