Goldman Sachs executive Andrea Vella said the relationship between one of the bank’s employees and the relative of a Libyan Investment Authority official wasn’t appropriate and he would have been worried had he known about it.
A former Barclays executive said he felt "uncomfortable" and "awkwardness” having to suspend and eventually fire traders at the bank amid a probe into possible foreign-exchange manipulation.
Britain’s vote to leave the EU has sent further shock waves through financial markets, with three more property funds suspended, the pound plunging and share prices falling amid fresh uncertainty about the economic impact of the decision to leave the EU.
Uncertainty sparked by the Brexit vote is causing companies around the country to put a freeze on stock market flotations and attempted takeovers, according to one of the leading advisers in the field.
J.P. Morgan and the Education Endowment Foundation (EEF) will launch a new £5 million initiative to find effective programmes that offer young people greater access to economic opportunity. This effort aims to improve their attainment in Mathematics and English at GCSE / Level 2, and provide a clearer link between learning and employment and improving their ability to get on effective career pathways.
Jefferies Group hired six members of Deutsche Bank’s U.S. metals and mining investment banking team, including managing director Dan Chu, according to people familiar with the matter.
The fraud squad has today ordered a retrial for two ex-Barclays traders accused of Libor-rigging offences.
Intervention should be as swift as possible.
Amazon is planning to hire 1,000 more people than previously expected in the UK this year as the online retailer rolls out its one-hour delivery operation and extends its web services.
Two former Wells Fargo employees have filed a class action in California seeking $2.6bn or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired.
David Tulk, formerly head of global macro strategy at Toronto-Dominion Bank, is taking a new post at Fidelity Investments.
More needs to be done to combat financial crime, a senior lawyer at HSBC has said as he called for global collaboration over the rules imposed on banks to keep “bad actors” out of the financial system.