In case you missed these stories:
US Treasury draws $936m from JPMorgan warrants
The US government on Friday reaped $936m from the sale of warrants in JPMorgan Chase, in a move that will sever its financial links with the bank. The sale will add to the $118bn in rescue funds already returned by banks.
UK banks withdraw fixed rate deals
UK banks and building societies are withdrawing many of their best savings deals, with fixed-rate products disappearing the fastest. Since November, 62% of product changes have been accounts being taken off the market.
Adviser in criminal probe over Madoff
Stanley Chais, a Beverly Hills investment manager who managed money for the Hollywood elite is under criminal investigation in connection with the Bernard Madoff Ponzi scheme
Barclays to defer bonuses
Barclays will defer up to 60% of its bonuses this year and wants more remuneration paid in fixed income, the banks’s president Bob Diamond told the Sunday Telegraph.