The latest settlement Wall Street bank Morgan Stanley entered into with the Federal Housing Finance Agency has forced the financial institution to increase its allocation of litigation costs to $1.2 billion.
One of the three currency traders Deutsche Bank reportedly fired in light of the investigations by regulators on foreign currency manipulation was the bank's unit head of emerging markets trading desk, a source told Bloomberg.
The formation of a special group of US regulators for the implementation of the Volcker Rule was to address the Rule's complexities and the potential issues that could arise due to the differences in the US regulators' policies with regard to the Dodd-Frank measure.