Traders from JP Morgan, Barclays and Citi allegedly used chatrooms to rig benchmark exchange rates between 2007 and 2013.
Attracting and retaining the brightest talent available has become the new battleground for investment banks as new compliance obligations and technology developments create warring factions desperate to secure the best personnel possible. Hayley McDowell tells the story behind this method of attack and finds out that a talent shortage could be just on the horizon for major players.
Laura Klaassen, UK director for equity capital markets at Goldman Sachs, joined Barclays today as director for corporate broking.
Goldman Sachs engineer will look to implement artificial intelligence and machine learning technologies on trading platforms.
Chris Marsh, head of AES in Europe at Credit Suisse has left the bank after more than 18 years.
Major institutions back cloud-based voice communications FinTech firm Cloud9 Technologies with latest investment round.
Nine financial institutions will participate in a proof of concept for platform powered using blockchain technology to share and use various services.
Kevin O’Connor becomes the latest Credit Suisse equities veteran to join Barclays as the bank continues to grow its business.
Phillipe Moryoussef of Barclays and Deutsche Bank’s Christian Bittar are due to be sentenced on 20 July for manipulating Euribor.
Mike Bellaro departed Deutsche Asset Management as global head of equity trading this summer after 30 years.