Excess cash will result in problematic mergers and acquisitions
According to The Financial Times, the recent boom in mergers and acquisitions is unlikely to deliver large amounts of economic revenue or long term value for shareholders.
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Two Deutsche Bank CEOs involved in legal disputes resign
Anshu Jain and Juergen Fitschen, two Deutsche Bank chief executives, announced their resignations last week, while the bank is still struggling to alter its negative image created in the aftermath of legal disputes.
HSBC pays $43 million to avoid prosecution for money laundering
To resolve accusations of money laundering in their private Swiss arm, HSBC have paid $43 million to Olivier Jornot, a Geneva prosecutor, as the bank prepares to disclose their strategy to investors next week.
Ecuadorian banks must adopt new cryptocurrency in 360 days
In addition to the many debates surrounding the growth of bitcoin, officials in Ecuador have decided to make local banks adopt a state digital currency in order to contribute to economic stability.
All-time record breaking mergers and acquisitions in May
With the total being calculated as $242 billion, US mergers and acquisitions broke dealing records last month, according to the financial software company Dealogic.
Financial services firms can rebuild trust by managing risk
BWise, a platform recently acquired by Nasdaq, believe that in order to gain trust from users and build new revenue streams, financial services firms should take control of their risk management.
New global investment banking head for JPMorgan Hong Kong
David Lau has been appointed as the new head of global investment banking for JPMorgan Hong Kong, replacing an executive fired because of connections to an investigation surrounding the company’s hiring in Asia.
Citadel plan to take on banks in US government bond trading
Chicago-based global asset management and multi-strategy hedge fund provider to individuals and institutions, Citadel, are expanding their business by trading directly on electronic platforms.
Increase in number of companies keeping finance and technology operations closer to home
US companies are increasingly considering basing their finance, technology and other business services operations in mid-size US cities instead of offshore locations, according to new research by The Hackett Group.
Are businesses as prepared for data breaches as they claim to be?
According to new research from Pierre Audoin Consultants (PAC), 39% of businesses that claim to be prepared if cyber security is breached, do not actually have a plan in place.
