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Banking

JPMorgan agrees to pay $15.7 mln to settle spoofing lawsuit

JPMorgan Chase & Co (JPM.N) agreed to pay $15.7 million in cash to settle a class action lawsuit by investors…

Stanbic IBTC enlightens on investment opportunities

Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to patronise investment offerings that…

Norges Bank raises base rate to 0.25% as expected

Norway's central bank raised its benchmark interest rate on Thursday and said it expects to hike again in December, as…

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Commonwealth Bank of Australia (CBA.AX) accused Apple Inc (AAPL.O) on Thursday of uncompetitive behaviour over control of payments on its…

Surge in UK fraud a national security threat, warn banks

A surge in fraud attacks on consumers since the pandemic has become a 'national security threat' for Britain requiring government-coordinated…

Swedish Riksbank holds course, no rush to exit pandemic policies

Sweden's central bank kept key policy unchanged on Tuesday and forecast the benchmarkrepo rate would remain at zero in coming…

Credit Suisse weighs changes at Asia investment banking unit – Bloomberg News

Credit Suisse Group AG (CSGN.S) is looking to move its Asian investment banking operations into its global securities and advisory…

Banks say draft capital rules make cryptoassets too costly to trade

Proposed capital rules for banks holding cryptoassets on their books could block lenders from competing in the fast-growing sector, a…

UK’s first green gilt draws record $137 billion demand

Britain sold 10 billion pounds of its first 'green' government bond on Tuesday after attracting over 100 billion pounds ($137…

JPMorgan takes on British rivals with launch of digital bank Chase

JPMorgan (JPM.N) is challenging British rivals on their home turf with the launch on Tuesday of its long-awaited digital retail…

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