A Bank of America ex-employee is on trial in Hong Kong after the bodies of two women, believed to be sex workers, were found murdered in his flat.

South Korea may be a technology powerhouse, but where online payments are concerned, it has lagged behind due to draconian authentication methods. All that is about to change.

By 2019, UK banks will have to hold a maximum of 4.95p in capital for every £1 they lend, according to new proposals released today by the Bank of England (BoE).

Last week, HSBC cemented its position in Asia as a leader in cross-border RMB settlements - but things look less bright back in the UK, where the bank admitted to making an alarmingly small provision for FCA fines.

Profits at the world’s foremost card companies, Visa and MasterCard, exceeded expectations this quarter, with MasterCard seeing shares rise to August 2011 levels and Visa reporting the biggest single day jump since June 2011.

Shortly after making Charles Hopkinson Woolley head of alternatives and product, Mayfair-based firm NewSmith Asset Management has appointed Guy Jackson head of compliance and Michael Wahnich head of risk.