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Mizuho seeks $350 million from TSE

Mizuho Securities is demanding ¥40.4 billion ($347 million) from the Tokyo Stock Exchange (TSE) to compensate it for a trading error that it was unable to cancel on time.

Mizuho seeks $350 million from TSE

Mizuho Securities is demanding ¥40.4 billion ($347 million) from the Tokyo Stock Exchange (TSE) to compensate it for a trading error that it was unable to cancel on time.

Fortis Chicago merges with O'Connor and Company

Benelux bancassurer Fortis has completed its acquisition of O’Connor and Company, the Chicago-based clearing house. The new company is called Fortis Clearing Americas and will be run within Fortis’ merchant banking division.

Chinese brokers to set up in Hong Kong

Six Chinese futures brokerages will soon get the green light to start derivatives broking operations in Hong Kong, a source close to the Hong Kong Exchanges and Clearing (HKEx) tells RiskNews .

Citigroup creates Asia-Pacific COO position

Shengman Zhang, vice-chairman of the global banking division of Citigroup Corporate and Investment Banking (CIB) in New York, will start in October as chief operating officer for Asia-Pacific at CIB, a new position based in Hong Kong.

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