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Wall Street pays $1.8bn in fines after traders use banned messaging apps
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Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said 27 September.
The firms include brokerage units of Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS and Nomura.
Brokerage...
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