Things we're reading today include … Hats off to Swiss regulators for putting HSBC in its place HSBC to pay £28m after money laundering investigation Swiss drop HSBC money laundering inquiry Costly bank transfer fees cost businesses £2bn Greece delays IMF payment, PM to brief angry parliament Lloyds to be hit with record fine for…
Things we're reading today include … Libor trial: UBS bosses told staff to rig rates, Tom Hayes claimed City of London's growth to outstrip the rest of the UK Contactless drives 10% rise in cards Women run just 2% of US fund assets Lloyds loses bid to force investors to sell back high-interest bonds Hedge…
Things we're reading today include … Tom Hayes Libor trial: Sacked trader was 'poised to join rival,' court hears At JPMorgan, voicemail deemed obsolescent Goldman executives take victory lap in debate over business model Ten question Bill Winters must answer about Standard Chartered (and one he can put off) Too big to succeed? Investors want…
Things we're reading today include … James Moore: Banks' fear of US fines will turn Fifa accounts into hot potatoes HSBC set to cut thousands of jobs globally: Sky News Jerome Kerviel: convenient scapegoat? BofA’s Merrill fined over short selling US banks face challenger in US Treasuries Lloyds shares to be offloaded by UK government…
Things we're reading today include … British banks pay £12bn in penalties Citigroup seen shutting Banamex USA unit: WSJ Lloyds retail share sale confirmed UK banks launch reviews over 'corrupt' Fifa payments China opens door for Visa and MasterCard Dame Colette Bowe interview: How the economist plans to restore our trust in the banks New…
This month's main stories are … The challenges of client onboarding (or why bitcoin will be regulated) I hosted a dinner last night and the conversation was all about client onboarding and the challenge of keeping it fresh. You get the KYC info, and then the customer is onboard. But for how long? Is a…
Things we're reading today include … Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt' U.S. reaches deals with four more banks under Swiss program Libor trial: Brokers asked for lager or Dom Perignon in exchange for rigging Libor for trader, court hears Citigroup CEO defends credit card deal with Costco Finally, banks are lending…
Things we're reading today include … Forex start-up Kantox wins business from disgraced banks Banker accused of rigging markets boasted to traders: 'Libor is high because I have kept it high' Banks face fresh wave of PPI compensation claims after landmark ruling Legal ruling could pave way for new wave of PPI claims JPMorgan CEO…
Things we're reading today include … Keydata founder hits back after £75m fine over 'death bonds' FCA seeks £80m 'death bond' fines If you want to clean up the City fine individuals rather than institutions Tom Hayes Libor trial: 'Thoroughly dishonest' trader who rigged interbank lending rates was driven by 'greed', court hears Fed's Lacker…
Things we're reading today include … Banks' profits recover, but they are paying less in corporation tax Profit at Vatican bank soars 20 times as it moves away from scandals of the past VIDEO: What's the future of high street banks? The world is drowning in debt, warns Goldman Sachs Regulation should be main tool…
