JP Morgan poaches Citi’s top treasury expert
Having struggled for over a year to fill the position, JP Morgan has revealed that former engineer Gourang Shah will take up the reins as head of its treasury advisory business.
Headline News
JP Morgan named world’s top financial adviser
JP Morgan Cazenove has been listed as the world’s best financial adviser and stockbroker in the latest quarterly guide from Adviser Rankings.
Libya sues Goldman Sachs
The Libyan Investment Authority claims that Goldman Sachs made $350m – and cost the country over $1 billion – by tricking “naïve” staff into paying vastly over the odds for products that proved worthless.
UK government drops challenge to banker bonus cap
In a surprise surrender, Chancellor George Osborne has announced that the UK government has dropped its legal challenge to EU legislation capping bonuses, saying that this is “unlikely to succeed.”
New digital bank will “look like Facebook”
The former chief operating officer of Allied Irish Bank, Anne Boden, is set to launch Starling, a new branchless, digital-only bank that will deliver most services via mobile.
UK fund management needs urgent reform, panel tells FCA
Money managers may be forced to come up with a single annual fee that gives customers a clear indication of the actual costs involved - and exposes the additional costs charged by investment managers.
Out-of-control money laundering is making IS rich
Islamic State is now the richest terrorist group in history – and that’s because its finances “combine old-fashioned looting and pillaging with high-tech illicit funding,” says Freddie MacMahon.
FATCA costs spiral beyond expectations
Only a third of financial institutions now believe that their FATCA compliance efforts will now be completed within budget, according to a new survey by Thomson Reuters.
British banks under fire for under-reporting fraud
British banks could be reluctant to report the true extent of cybercrime for fear of spooking customers, a Treasury Select Committee heard.
Bitcoin will bite the dust, says leading academic
“The bitcoin industry is not stable and therefore must collapse,” says Kevin Dowd, professor of finance and economics at Durham University and partner at Cobden Partners.
