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Former Barclays traders jailed over Euribor rate-rigging

Two traders have been jailed after being convicted of conspiring to rig the Euribor global interest rate.

The sentences bring to an end the biggest trial so far for rigging interest rates - in this case the Euribor benchmark used to fix the interest rates of millions of euro-denominated loans. read more »

Wells Fargo CEO Tim Sloan steps down

Wells Fargo & Co said on Thursday Tim Sloan will resign immediately as chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. read more »

Revolut whistleblower had concerns over CEO conduct and compliance

The UK’s Financial Conduct Authority has made enquiries into currency transfer firm Revolut after being contacted by a whistleblower, the BBC has learned.

The ex-employee told the FCA in 2016 about concerns they had over compliance and the conduct of the firm's chief executive, Nikolay Storonsky.

The BBC spoke to a whistleblower who went to the FCA in 2016 with concerns about some of the company's anti-money laundering processes. read more »

Swiss drugmaker Novartis must face doctor kickback suit, U.S. judge rules

Novartis AG must face a U.S. government lawsuit accusing it of paying millions of dollars in kickbacks to doctors so they would prescribe its drugs, after a federal judge ruled in a decision released on Monday that the government had offered evidence of a “company-wide kickback scheme.” read more »