JPMorgan has agreed to pay at least $750m to resolve U.S. and U.K. regulatory probes of its record trading loss last year, people with knowledge of the negotiations said.
Five years after the collapse of Lehman Brothers, those complaining about tighter regulations do not have long enough memories about the crisis, according to the man responsible for many of the European Union rules introduced following the collapse.
New research from EDM Group, the information management specialists, reveals that the average employee working in the financial services sector wastes 1.6 hours a week looking for documents and information they have misplaced or lost at work. The value of this is on an annual basis is around £2.1 billion (£40 million a week).
Barclays revealed on Monday that it is contesting a £50m fine by the City regulator, which claims the bank behaved "recklessly" in the controversial 2008 fundraisings that allowed it to avoid a taxpayer bailout.
Equiniti, the UK’s leading share registrar and financial services outsourcing specialist, has launched its research into the changing face of UK wealth management.
Larry McDonald was living just a few blocks from Lehmans' Manhattan headquarters when he discovered that his former employee was one bank that wasn't too big to fail.
The Global Transaction Services business at Bank of America Merrill Lynch has announced that, for the second consecutive year, in lieu of offering gifts to clients attending the annual Sibos conference, the company will give delegates the opportunity to contribute to charity.
Former Merrill Lynch CEO John Thain told CNBC that "too big to fail" banks are still a problem for markets.
Check out the latest trends to hit the cobbles at Somerset House this season :
Bitcoin may offer a level of freedom that traditional currencies do not, but it's hardly the most secure form of money.
European investment banks will probably report a drop in third-quarter revenue after turmoil in Asia undermined bond and equity deals, driving down the fee pool to its smallest since 2012, Deutsche Bank said.
Deutsche Bank plans to invest more in technology to prevent money laundering, according to the head of the division that processes its transactions.
Over the last two years, Ken Griffin, the billionaire chief executive of the investment firm Citadel, has gone on a multicity real estate shopping spree.