Standard Chartered has been rooting out some of its clients as it cleans up its business in the wake of regulatory investigations, its chief executive has said as the emerging markets-focused bank returned to profit in the first half of 2016.
Almost 120,000 bitcoin worth around $78m has been stolen from Hong Kong-based Bitfinex, one of the most popular cryptocurrency exchanges, causing a 20% drop in the value of the currency.
US banking giant Wells Fargo & Co said Wednesday that it did not experience any material impact on its UK or other foreign businesses as a result of the pro-Brexit vote last month.
Profits will be decimated at the UK’s top banks if, as widely expected, the Bank of England cuts interest rates to a historic low of 0.25 per cent today.
Structure expenses, and eliminating waste.
London’s financial lobby group warned that the city’s status as the world’s pre-eminent financial hub could be undermined if the U.K. loses the right to sell its services freely within the European Union as doubts mount over Britain’s ability to retain full access to the trading bloc.
JPMorgan’s contract to provide debit cards to inmates released from federal prison may have backfired after a former convict raised a ruckus.
J.P. Morgan on Tuesday appointed Rossano Nonino as Chief Investment Officer for real estate in Brazil, the office for which is based in Sao Paulo.
French advertising giant Publicis has announced that Kevin Roberts, the executive chairman of Saatchi & Saatchi, has resigned.
Britain's competition watchdog Competition and Markets Authority (CMA) has accepted in principle merger undertakings between Tullett Prebon and ICAP.
Elizabeth Warren is out for blood.
While the European banks struggle to keep their share price stable, their counterparts at the Wall Street seem to be doing a much better job.
Last week, equity mutual funds saw outflows of $16.3 billion, the greatest outflow since August 2011, according to the Investment Company Institute.