JPMorgan investment bank head Daniel Pinto said internal technology projects, including those focused on blockchain, big data and robotics, will be a 'major priority' next year.
The value of fines imposed on City firms and individuals has fallen by almost 40% this year, with a marked slowdown in the last six months of the year.
Standard Chartered has appointed Simon Cooper, 48, as CEO, Corporate and Institutional Banking (CIB). Simon will join the Group in April 2016. This appointment is subject to final regulatory approval.
Citi's Board of Directors has announced that it has elected Renee James and Ellen Costello as new independent directors, with service commencing January 15, 2016.
The decision to raise US interest rates for the first time in seven years could have negative effects on established startup businesses, investors have said, marking the start a new era of more cautious investment.
The turmoil of bonus advisory day.
European banks have rushed to acquire the more secure domain name ".bank" after the U.S. saw more than 4,000 registrations for the web address.
Switzerland’s financial regulator banned six former UBS employees from working in the industry for as long as five years, making them the first individuals punished in the global currency-rigging scandal.
Barclays agreed to sell the indexing business built around former Lehman Brothers benchmarks to Bloomberg LP for about $781m, as CEO Jes Staley speeds up disposals of unwanted assets.
Goldman Sachs has created a partnership to provide cash management services for money managers who may no longer be able to keep their cash at large banks.
The Brexit vote has created instability for the UK banking sector and the wider economy, according to one of the UK’s biggest high street lenders.
Picture the scene. It is referendum day and officials from the Bank of England and the Debt Management Office are meeting to discuss contingency plans for if the UK votes to leave the EU.
Andre Laport Ribeiro, head of Latin American equities for Goldman Sachs and the firm’s last remaining partner in Brazil, has left after equity deals in the region tumbled 67%.