Switzerland has launched a “currency war”, says expert
Switzerland’s decision to drop the cap that pegged the Swiss franc to the euro has triggered a currency war, says deVere Group’s James Stanton.
Headline News
$1 billion legal bill for fine-magnet JP Morgan
A slew of fines by regulators saw JP Morgan’s legal costs mount to $2.9 billion last year, with an unexpectedly high $1 billion bill for the fourth quarter of 2014.
Banker bonuses go up in smoke
The finance industry bonus pool has shrunk significantly this year, both in the UK and the US, which will leave many disappointed with their less-than-bumper bonus payouts.
Standard Chartered to scrap cash equities business
The latest step in Standard Chartered’s plans to save $400m this year will see it cut its cash equities business and cut a further 2000 retail jobs.
US Federal Reserve defends “casino on steroids” ETFs
Leveraged exchange-traded funds (ETFs) may have been slammed by Blackrock CEO Larry Fink as having “structural problems that can blow up the whole industry,” but their risks are overstated, according to new research by the US Federal Reserve.
The Big Five: finance nightmares of 2014
Between scandals, cyber attacks and record fines, it’s been a bad year for the banking industry. $56.7bn has been paid out by financial organisations in total. Here are the most monumental five.
3 ways to boost your Christmas bonus
S/he’s making a list, and checking it twice. But the size of your bonus isn’t purely down to who’s been naughty and who’s been nice. Logan Naidu, head of city recruitment firm Dartmouth Partners, has some last-ditch advice for bringing out your boss’ generosity.
Businesses bankrupted overnight due to Amazon glitch
A technical glitch in the Amazon repricing software RepricerExpress led product prices on the site to plummet, allowing customers to purchase items worth thousands of pounds for as little as 1p.
China starts using money as fuel
The People’s Bank of China literally has money to burn – and now it’s letting companies use their tattered bank notes to generate electricity.
Bribery is on the rise – and Western countries are the culprits
As JJB Sports’ former CEO faces fraud charges for taking £1m in bribes from suppliers, research suggests that most bribes are paid in developed countries, with the full knowledge of senior management.
