Female advisers face harsher terms at US brokerages
Female advisers are 20% more likely to be fired than their male counterparts for misconduct at US brokerages employing them, even though men are at least twice as likely to indulge in bad behaviour, according to a National Bureau of Economic Research study. (FT)
Singapore imposes 10-year ban on ex-Goldman banker in 1MDB case
Singapore’s central bank on Monday banned Tim Leissner, the former southeast Asia chairman at Goldman Sachs, from operating in the financial sector for 10 years, following investigations linking him to alleged financial fraud involving Malaysian state fund 1Malaysia Development Bhd. (WSJ)