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Ex-Barclays CEO, Citing Scandal, Gives Up $31 Million Bonuses, Still Takes Salary

Ex-Barclays CEO, Citing Scandal, Gives Up $31 Million Bonuses, Still Takes Salary

By the CNN Wire Staff London (CNN) -- Former Barclays bank chief executive Bob Diamond will voluntarily give up bonuses worth $31 million after he resigned in the wake of a rate-rigging scandal, the bank said Tuesday. Diamond will still receive 12 months salary after his resignation last week, the bank said... Read More »

Bank Teller Charged With Embezzling $58,000, Says She Is Extortion Victim

Bank Teller Charged With Embezzling $58,000, Says She Is Extortion Victim

A head teller at a Western Massachusetts credit union has been charged with embezzling $58,000 from her employer after police became suspicious of a story she told claiming that she was the victim of extortion. Felisa Kazimierczak reportedly told police that she received a note last week threatening her... Read More »

Swedish Bank Nordea To Lay Off 2,000 Staff

Swedish Bank Nordea To Lay Off 2,000 Staff

STOCKHOLM (AP) -- The Nordic region's largest bank Nordea AB says it will lay off around 2,000 employees in 2011 and 2012, partly due to the increased costs imposed by new global bank regulations. Read More »

UBS To Cut 3,500 Jobs In Bid To Save 2B Francs

UBS To Cut 3,500 Jobs In Bid To Save 2B Francs

GENEVA (AP) -- Swiss bank UBS AG said Tuesday it is cutting 3,500 jobs worldwide as part of an effort to save 2 billion Swiss francs ($2.5 billion) annually by the end of 2013. The Zurich-based bank said the cuts would be achieved "through redundancies as well as natural attrition." UBS had announced plans... Read More »

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