Things we're reading today include … JP Morgan faces $20bn fraud suit JPMorgan sued over mortgage bonds Barclays hands promotions to retail bankers Barclays and UBS are ejected from top global brands index Munich Re staff put trip to Jamaican swingers' hotel on expenses Liikanen bonus plan draws supporters Banker weeps at UBS rogue trader…
Things we're reading today include … American Express agrees $113m settlement JPMorgan sued by New York Attorney General over mortgage-backed securities Stephen Hester: RBS is 'poster child' for banking failures Top banker faces £3m insider trading charge Four charged in £3m insider dealing case City banker elected London Lord Mayor Burnt in effigy, Martin Wheatley…
Things we're reading today include … Banks face rising pressure after order to boost lending Miliband threat to break up banks Bad bankers warned: repent or go to jail Financial services – the blame game Financial services groups cut 9,000 jobs U.S. group urges $2 trillion alternative to fiscal cliff "time bomb" City watchdog warns…
Our biggest stories of the past week are … The similarities between internet blocks and trade sanctions I spent last week in the Middle East, travelling the region and seeing some sights as well as meeting many banks from across the region. As always, it’s an interesting space and place, full of Eastern promise as…
Things we're reading today include … PPI mis-selling complaints to FSA soar Complaints about banks 'up 59%' PPI complaints soar to 2.2 million Insurance scandal leads to 20,000 complaints a day to Britain's banks RBS to float Direct Line at discount price Bitcoin: Monetarists Anonymous Ex-Goldman programmer rejects plea deal Goldman Sachs settles "pay-to-play" probes…
Things we're reading today include … The biggest hedge fund managers in the world: in pictures Six burning questions for Spain Angela Merkel: Europe must stay the course with painful reform Bank lobby groups peddle damaging myths, BoE member Robert Jenkins claims Former RBS trader in quotes: Libor is a 'cartel' Markets watch: new Oman…
Things we're reading today include … Upbeat Hester says RBS is reaching recovery point RBS close to full recovery, says chief Stephen Hester Temasek 'looks to sell £6bn Standard Chartered stake' Senior Nomura banker poached by UBS Kweku Adoboli's colleagues 'knew of his illicit trades' Banks sign up to lending scheme £80bn funding boosts bank…
Things we're reading today include … An alternative road to European investing Investors shift to funds using derivatives 'Business bank' to boost lending EU struggles to agree on budget Libor riggers should face jail, say top officials Broker admits £32m Ponzi scheme Business Bank will be fast-tracked, says Lib Dem's Danny Alexander US card issuer…
Things we're reading today include … A £30bn talk for Merkel and Hollande FSA demands new legal powers after Libor manipulation scandal Cable promises 'business bank' 'Gentle giant' Paul Volcker has too little time left to fix the world UK pledges $1.6 billion for state-backed business bank Euro zone to boost bailout fund firepower to…
Our biggest stories of the past week are … What Star Trek tells us about banking For years, I’ve been a fan of Star Trek, and have used their innovations in many presentations, but I’ve always wondered: how come there’s no money on the Star Ship Enterprise? Is everything free? Not exactly. My supposition was…
