Several years after the financial crisis, banks have not completely cleaned up their act, CFPB Director Richard Cordray said.
Within five years robots and so-called intelligent agents will eliminate many positions in customer service, trucking and taxi services, amounting to six percent of jobs, according to a Forrester report.
Marks & Spencer has confirmed that Laura Wade-Gery, one of the UK’s few female FTSE 100 board directors, will not be returning from maternity leave and is to exit the company at the end of September.
Confident assertions are being made about what will happen to the City after Brexit. Sir Charlie Bean, former deputy governor of the Bank of England, said last week that he had “absolutely no doubt at all” that euro-denominated clearing of interest rate derivatives would be moved into the European Union.
In the jostling to lure London bankers post-Brexit, Paris touts its cultural and culinary offerings, Amsterdam its digital connectivity, and Dublin its use of English. Frankfurt’s pitch: make it easy to fire bankers.
Warning: Some may find these pictures disturbing.
A radical move that is likely to impact jobs.
Sad to report.
UBS doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more.
The deliberations are at an early stage.
Uncertainty about the size of the penalty that Deutsche Bank faces from the US authorities for a misselling scandal a decade ago has knocked almost 4% off the share price of Germany’s biggest bank.
Axel Weber, UBS chairman and a former policymaker at the European Central Bank (ECB) , has warned today's incumbents that monetary intervention is causing international spillovers and major disturbances in global markets.