JPMorgan will pay $50m as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday.
Scott Cutler is departing as the head of listings at the New York Stock Exchange, stepping down from a position where he won the biggest initial public offering in history.
It was a year of “steady progress”, said Barclays chief executive Antony Jenkins. Indeed, he regards it as so steadily progressive that he thinks it “appropriate” to accept the pay committee’s kind offer of a £1.1m bonus, taking his package for the year to £5.5m.
A city with coffee shops on nearly every corner, bike paths meandering through its charming streets and plentiful green spaces, Vienna retained its crown as the city with the best quality of life, according to a global survey by management consultancy Mercer.
Bank of England governor Mark Carney has said 50 cases of potential market abuse have been uncovered following the foreign exchange-rigging scandal that led to the Bank’s own chief currency dealer being fired last year.
The rise in “billionaire basements” – subterranean home extensions in some of London’s most expensive boroughs – is attracting fresh scrutiny amid concerns over a rise in fatalities and serious injuries.
The share of jobs held by women in the C-suite is 25%, Catalyst reports. To get ahead, women need senior sponsors that can help promote their skills.
Senior HSBC executives, including the BBC Trust chair, Rona Fairhead, have been ordered to appear before MPs for a fresh hearing on the bank’s Swiss operation.
Barclays generated £593m of profits last year in Luxembourg – where much of its tax planning services were based – but employed just 30 people and paid £4m in tax.
Two American and two European firms.
Citigroup has appointed Grant Carson as the head of its global subsidiaries group (GSG) in Europe, the Middle East and Africa, which deals with many of the bank's biggest clients.
Bank of America has appointed Jiro Seguchi to head its brokerage and banking units in Japan from June 1, replacing Tim Latimore.
A secret London vault, which can store more than $80bn (£57bn) in gold bullion, is being sold by Barclays to China’s ICBC Standard bank for an undisclosed sum.