News In Brief
FX trading irregularity at Merrill
A trading irregularity potentially totalling hundreds of millions of dollars is being investigated by Merrill Lynch and the financial authorities, the bank has confirmed.
Alexis Stenfors, a London-based currency trader, is said to be co-operating with the bank over the potential losses.
"Senior managers of the business are focused on the issue and believe the risks surrounding possible losses are under control," Merrill Lynch said in the statement.
SunGard
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