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  • Exchange and clearing house operator Deutsche Börse and its CEO Carsten Kengeter are back in hot water after a multi-million euro settlement offer over alleged insider trading was thrown out by Frankfurt’s local court on Monday. Senior public prosecutor in Frankfurt, Nadja Niesen, told GlobalCapital on Tuesday that the court rejected the prosecution's attempts to settle the case by means of a "monetary penalty".
  • HSBC has taken two veteran bankers from rival firms to drive its combined strategic equity financing and equity-linked businesses in London and Hong Kong.
  • Deutsche Bank has hired a senior executive from a rival to lead its technology, media, and telecom investment banking efforts in Asia Pacific.
  • Hong Kong’s financial secretary has weighed in on the push for dual class shares in the city, saying it should be allowed if the right safeguards are in place.
  • Malaysia’s RHB Bank has hired Ankur Khandelwal from Barclays to head its Asia ECM unit, according to sources close to the matter.
  • Expectations for third quarter earnings at Europe’s investment banks have taken a knock, following a disappointing round of US bank earnings that saw trading performance remain muted. European banks may also be losing market share in trading, and any poor performance will be compounded by the strong euro.