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Europe venture capital start-up funding plunges 27% over Brexit jitters

Europe Map

European venture capital (VC) funds raised a record amount of money in the first half of 2016, but the amount of capital being invested in technology start-ups in the region has plummeted, with deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, new data on Thursday showed.

People News: Citigroup, JPMorgan

JPMorgan Chase

Tsutomu Fujita has resigned as Citigroup’s vice chairman in Japan, ceasing to be an employee of the bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.

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Citi Building Canary Wharf

Too much room at Citi ?

Citigroup is weighing subleasing space in London’s Canary Wharf district after cutting staff numbers in the U.K. capital, according to three people with knowledge of the plan.

Gavel

U.S. to seek extradition of ex-HSBC banker

The United States will seek the extradition from Britain of a former HSBC executive accused of participating in a fraudulent scheme involving a $3.5 billion (3.21 billion pounds) currency transaction, prosecutors said on Friday.