Banks shouldn’t count on a fresh round of European Central Bank cash to trade sovereign debt and reap big profits, Mario Draghi said. . .

http://www.bloomberg.com/news/2014-07-14/draghi-says-banks-shouldn-t-count-on-another-carry-trade.html

Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported, citing sources. . .

http://uk.reuters.com/article/2014/07/13/uk-regulator-doj-forex-idUKKBN0FI14320140713

Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain’s third largest, should fight accusations it deceived and defrauded customers in the United States. . .

http://uk.reuters.com/article/2014/07/13/barclays-investigation-idUKL6N0PL1XZ20140713?rpc=401&feedType=RSS&feedName=americasRegulatoryNes&rpc=401

The unit is said to resemble something of a revolving door . . .

http://hereisthecity.com/en-gb/2014/07/14/exodus-at-top-firm-unit-continues/

Annika Falkengren, the chairman of the Swedish Bankers’ Association, is in talks with her members to target reducing mortgage debt. . .

http://www.bloomberg.com/news/2014-07-14/swedish-bankers-group-in-talks-on-joint-bid-to-cut-mortgage-debt.html