J.P. Morgan's alleged failure to file a key federal document more than five years ago is emerging as a critical component of a Justice Department investigation into whether the bank provided adequate warnings about the fraud of Bernard Madoff, people close to the probe said.
Citigroup has hired Nomura’s Brent Donnelly to trade currencies in New York, according to a person with direct knowledge of the matter.
A "tougher" Volcker Rule -which limits how banks can trade their own money-being touted around Washington looks to take aim at executives, should the firms have lapses in oversight, according to people familiar with the matter.
Royal Bank of Scotland has blamed a cyber-attack for IT problems that prevented customers accessing their bank accounts for the second time in a week.
Someone's got to pay.
Not Goldman Sachs ?
This could hurt a former 'rising star'.
'Bonuses this year are going to be really tough'.
Not a firm that you usually think of in terms of top pay.
Hundreds of people could be involved.
Singapore's DBS Group Holdings and Julius Baer are seen as potential bidders for Barclays Asian private wealth business, valued at about $600m, sources familiar with the matter told Reuters.
JPMorgan investment bank head Daniel Pinto said internal technology projects, including those focused on blockchain, big data and robotics, will be a 'major priority' next year.
The value of fines imposed on City firms and individuals has fallen by almost 40% this year, with a marked slowdown in the last six months of the year.