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UBS India Head Resigns; Kamat Named New CEO: Memo

The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
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Goldman Faces Lawsuits Over $15.8 Billion in Mortgages

Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
European Union

Failing on Greece, EU Must Ring-fence Italy

One message from financial markets has become quite clear: attempts by the euro zone to ring-fence Greece and stop contagion to other, more significant economies has failed.
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Wall Street workers' pay to fall 20-30 percent: report

The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut costs and lay off workers in a weak environment for trading and deal-making.
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Jefferies cuts certain Europe positions by half

Jefferies Group Inc the mid-sized investment bank trying to distance itself from bankrupt MF Global Holdings Ltd , said it reduced by half the gross positions in sovereign securities of certain European countries it had on Friday.
A protestor holds a placard next to the euro sculpture outside the European Central Bank (ECB) headquarter during a demonstration of the occupy-movement in Frankfurt's banking district

Eurozone Countries Could Split, Says Goldman Sachs Exec

Countries in the Eurozone will find it increasingly unattractive to stay in the single currency, if there is a German-led fiscal integration, the chairman of Goldman Sachs Asset Management said in a Sunday Telegraph interview.
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Euro zone countries could split, says Goldman Sachs exec

Countries in the euro zone will find it increasingly unattractive to stay in the single currency, if there is a German-led fiscal integration, the chairman of Goldman Sachs Asset Management said in a Sunday Telegraph interview.
A warehouse contracted out by Goldman Sachs warehouse subsidiary Metro International Trade Services to hold metals is seen in Detroit in this photo taken July 12, 2011.

Goldman's New Money Machine: Warehouses

In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.
Gensler testifies at a House Financial Services Committee hearing in Washington

CFTC Chief Won't Participate in MF Global Review: Report

The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global Inc. said he will not be participating in any further parts of the inquiry, a source told Reuters Friday.
Q3 2011 Hits and Misses

3Q Earnings Picture: Hits and Misses

We are now well into third quarter earnings season, with the vast majority of companies reported both bottom- and top-line results that met or beat expectations. Here's a summary of who met, and who missed, analyst estimates.
Jon Corzine, MF Global Holdings Ltd. CEO

Corzine's Fall From Grace Leaves Obama With Even Less Bridges to Wall Street

The fall of Jon Corzine, a prominent figure with a toehold in the worlds of both finance and politics, is not only an issue for himself, but for one of the men who likely sought his advice and support on a regular basis, President Barack Obama. Perhaps more importantly, it follows a trend that has dogged the president since 2010, as, due to a variety of causes, many of the people close to Wall Street he had previously sought out have later found themselves uninvited to tea in the Rose Garden.
Jon Corzine, chairman and chief executive officer of MF Global Holdings, speaks during the Sandler O'Neill + Partners global exchange and brokerage conference in New York

MF Global CEO Jon Corzine Resigns Under Fire

Jon Corzine has resigned as MF Global Holdings Ltd's chairman and chief executive officer four days after the futures brokerage filed for bankruptcy protection, culminating a rapid downfall for one of Wall Street's best-known executives.

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