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Citi, Deutsche Bank and HSBC settle U.S lawsuit

Gavel

Citigroup, Deutsche Bank and HSBC have agreed to pay a combined $132 million to settle a U.S. class action brought by futures traders accusing them of manipulating the Libor benchmark interest rate, according to a U.S. court filing on Wednesday.

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Terminator

Ex-Goldman CTO in AI jobs warning

Traditional Wall Street jobs are already being disrupted by technology, and the emergence of artificial intelligence will drastically reorder the role of most humans in finance, according to former Goldman Sachs Chief Technology Officer Michael Dubno.

Barclays Canary Wharf

Bloomberg - Barclays sued for $850m

Red Kite Management Ltd., the world’s largest metals hedge fund, is suing Barclays for alleged market abuse in the copper market that it claims cost the firm at least $850 million between 2010 and 2013.