| | SEC orders New York firm to pay record $7.2 million sanction | WASHINGTON (Reuters) - A New York proprietary trading firm and its owner will pay $7.2 million to settle civil charges in what U.S. regulators said on Wednesday marks the largest sanction they have ever imposed for certain short-selling violations. | | | | | | China rural mini-bank run exposes perils of deregulation | YANCHENG, China (Reuters) - Depositors wanting to withdraw money from a rural bank in eastern China's prosperous Jiangsu province ahead of the Lunar New Year holiday found the doors locked, their money gone and employees offering a simple explanation. | | | | | | BoE minutes reveal currency rigging fears first raised in 2006 | LONDON (Reuters) - The Bank of England revealed on Wednesday that allegations of rigging of world currency markets had been flagged as far back as mid-2006 as it suspended a staff member as part of a probe into what it knew about the alleged manipulation. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |