The latest from Reuters.
Not good news.
Pretty soon it adds up to some real money.
Temasek, Singapore’s sovereign wealth fund, has confirmed that Sim Hong Boon (aka Boon Sim) joins the organisation on 1st of June as President, North America, to oversee investments in North America.
Key highlights below:
JPMorgan Chase CEO Jamie Dimon warned when he announced his firm's $2bn trading loss last week that the firm could end up losing up to $1bn more. But, according to The New York Times, the loss has increased significantly over the last four trading days.
By Adrian Crawford, Employment Partner at Kingsley Napley LLP
Another story which won't go quietly.
The Financial Services Authority (FSA) has published a decision notice indicating that it has decided to prohibit Anthony Verrier (a senior executive at BGC) from performing any function in relation to any regulated activity in the financial services industry.
A senior executive at the European Central Bank has admitted eurozone banks were on the brink of collapse last autumn.
HSBC must pay $1.1bn in bail as part of French criminal investigations linked to a tax-evasion probe at its private bank.
Britain will go a whole parliament without an increase in interest rates for the first time since the immediate aftermath of the second world war, after the Bank of England left official borrowing costs on hold.
Julius Baer jumped Wednesday to the highest since it began trading in its current form more than five years ago, amid speculation that Credit Suisse is interested in buying the private bank.