Christine Lagarde, the head of the International Monetary Fund, has warned that the world risks a triple crisis of declining incomes, environmental damage and social unrest unless countries adopt a more sustainable approach to economic growth.
JPMorgan could have spotted trouble at its Chief Investment Office long before traders there racked up at least $2bn in losses. One reason it didn’t: Chief Executive Officer Jamie Dimon.
A number of top execs at JPMorgan Chase & Co. were warned two years ago about dicey trading in its London office and failed to correct the practice, paving the way for the financial giant’s $2 billion loss, it was reported Monday.
U.K. lawyers are fielding a flood of questions from multinational firms as a government shake-up of visa rules threatens to cut short the careers of top traders and other executives transferred from overseas.
Here's the trial latest.
There's been a lot of speculation about largescale job cuts in investment banking and wealth management for a few weeks now.
It's all kicking off.
The chairman of the New York Fed has defended the role on his board of embattled JP Morgan boss Jamie Dimon.
Royal Bank of Scotland has warned more than 48,000 staff that if they want to retire with a full pension at 60 they will have to start making contributions.
Goldman Sachs has announced that Mark Schwartz will return as a Vice Chairman of the firm and Chairman of Goldman Sachs Asia Pacific.
Bank of America posted a profit, swinging from a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses.
The Financial Conduct Authority (FCA) has fined The Bank of New York Mellon London Branch (BNYMLB) and The Bank of New York Mellon International Limited (BNYMIL) (together ‘the Firms’) £126m for failing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS), which applies to safe custody assets and to client money.
JPMorgan is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview.