Times are changing as technophile CEOs and CFOs increasingly demand contemporary offerings from their banks to optimise working capital and mitigate risk, says Angela Koll, Vice President, Commerzbank AG Frankfurt.

Nadia Figueroa, former JPMorgan teller who was part of an ID theft ring and stole $850,000 from bank customers, has been sentenced to six years in prison.

In recent weeks, Bank of America has made more than 20 new hires for its equities business across Europe and the US.

Mergers and acquisitions related to the Internet of Things (IoT) have skyrocketed this year with $14.8 billion being spent by buyers to purchase 39 companies, according to 451 Research.