JPMorgan said it faces further investigations into conflicts of interest in the way it sold and used its own investment products.
Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.
BNP Paribas is planning to relocate as many as 40 senior positions in the investment bank from London to Paris as the bank overhauls the division, two people familiar with the plan said.
One of the top directors at Dan Loeb’s hedge fund has left the firm, The New York Post has learned.
Banks have topped the list of companies that are throwing money away on unnecessary costs, wasting up to 10 per cent of their revenue each year according to a survey from the Chartered Institute of Management Accountants (CIMA).
JPMorgan Chase is adding another layer in its capital buffer against energy, metals and mining loan losses, setting aside $600 million for losses, executives announced Tuesday.
The London Stock Exchange is in talks to merge with Germany’s Deutsche Börse in a £21bn deal that would seal an alliance first discussed at the turn of the millennium.
Even when things are tough, they always seem to come up smelling of roses.
'It’s too early'.
'Either the circus of the financial markets is located in London or its going to be somewhere else'.
Bank of New York Mellon has appointed David Cruikshank as chairman of Asia-Pacific, replacing Stephen Lackey who becomes vice chairman of BNY Mellon Pennsylvania.
'People apparently were making bad choices to hang on to their job'
The former president of the European commission has hit back against criticism about his new role at Goldman Sachs by insisting he will act with integrity and discretion.