SC Ventures, the innovation and ventures unit of Standard Chartered, and BC Technology Group (BC Group), Asia’s leading digital asset company and parent of Hong Kong Securities and Futures Commission (SFC)-licensed digital-asset platform OSL, today announced they have partnered to establish a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe. Continue reading
Tag Archives: Investment banks
BNP Paribas subject of full-scale Rwanda probe in France
PARIS, FRANCE, (REUTERS) – French judicial investigators have opened a full-scale inquiry into allegations of complicity in the 1994 Rwandan genocide, an official at the public prosecutor’s office said on Monday (September 25). Continue reading
Credit Suisse takes out newspaper ads after raids
Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading
Banks gird for tumult after election
Global banks expect trading volumes and volatility to spike after the U.S. presidential election, so they’re boosting staff and taking precaution. Fred Katayama reports. Continue reading
ING plans to shed 7,000 jobs, invest in digital platform
ING Group, the Netherlands’ largest financial services company, plans to shed 7,000 jobs and invest heavily in its digital platforms to achieve annual savings of 900 million euros ($1 billion) by 2021.
Deutsche’s $6bln ‘fat finger’ episode
(BVO) – It was the right client but the wrong amount.
Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
Continue reading
Deutsche Bank makes John Cryan CEO
John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
Continue reading
How many times can HSBC say sorry?
(BVO) – Can it get any worse for HSBC? On this evidence probably not.
Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.
Continue reading