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The News: Risk, Legal, Audit Areas Gain

Banks spending more to cut risks [FT]

Eighty percent of global institutions surveyed by Ernst & Young say they raised investment in risk management over the past six months. They're also bolstering legal, audit and regulatory teams, while slashing costs elsewhere.

UBS to shake up US brokerage [FT]

There's No Whining in HR [ Human Resource Executive ]

Jack Welch's tough-love advice for HR department heads.

Wanted: Fake Employees [ CNBC]

More oddball news about oddball services for job-hunters reinforces eFinancialCareers News' claim that the job-search services business itself is going through a bubble.

CFTC Floats Rules Aimed at Speculation [Wash. Post]

Kingfisher Capital, LLC Acquires WealthTrust Investment Management Office [ Kingfisher Capital, via BW ]

People:

DTCC Names Stewart Macbeth General Manager of Trade Information Warehouse [ DTCC, via BW ]

UCBH Holdings, Inc. Strengthens Domestic Banking Leadership [UCBH Holdings, via BW]

Signature Bank Expands Staten Island Private Client Banking Office with Addition of Prominent Staten Island Banker, Frank J. Besignano [Signature Bank, via BW]

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