A few years ago I had quite a high flying academic career, a PhD and a government job, and I quit it all to get involved in New Dawn Traders – to jump on a zero carbon motorless ship and sail to the Caribbean and back to trade rum, chocolate and spices.
"We have disciplined or dismissed individuals involved in the trader misconduct; have substantially strengthened our control teams, procedures and record-keeping; and are conducting a thorough review of the bank's actions in addressing this matter," they said.
"We have disciplined or dismissed individuals involved in the trader misconduct; have substantially strengthened our control teams, procedures and record-keeping; and are conducting a thorough review of the Bank's actions in addressing this matter".
In a statement, Deutsche Bank said it had disciplined or dismissed individuals involved in the trader misconduct, strengthened its control teams, procedures and record-keeping, and is conducting a thorough review of how the bank addressed the problem when it came to light.
1.17pm GMT Carney: some traders have lost sight of how markets work Carney is pretty scathing about the conduct of those traders involved in financial wrong-doing, telling the Treasury committe that it is vital to ensure the highest standards of integrity in the City.
As regulators continue to pursue actions, prosecutors are planning charges against traders involved in the scheme.
Most of the traders involved in the case have left the bank, according to people briefed on the matter.
American and British authorities are considering potential criminal prosecutions against traders involved in the rate-rigging scandal.
The Toronto Stock Exchange has also levied suspensions and 400,000 Canadian dollars in fines against 12 traders involved in the transactions.
Mr. Dimon has reshuffled JPMorgan's executive ranks, fired traders involved in the losses and clawed back millions of dollars in compensation.
