One of WestLB's top risk managers has quit the bank amid a management reshuffle, after the German lender racked up €604m ($825m) in proprietary trading losses in the first half of the year.

Marcus Kramer, WestLB's head of credit risk management, has left the bank.

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The UK lender has given the leading compliance job to a 20-year veteran

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

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The BOE said that further sharp falls in asset prices are likely.

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WestLB risk chief exits

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