UBS Trader Hayes Exposed in Libor Probe

Tom Hayes, one of two former UBS AG traders charged by U.S. prosecutors, is portrayed by American regulators as the kingpin of a three-year campaign that succeeded in manipulating global interest rates.

Commerzbank to Cut 9,600 Jobs, Suspend Dividend
23:23 - Commerzbank plans to cut about 9,600 jobs and suspend dividends in an attempt to restructure its business model and shore up profitability. Bloomberg's Michael Moore reports on "Bloomberg Surveillance." (Source: Bloomberg)
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