Latest Headlines

Latest Headlines

JPMorgan hackers probably accessed another company, 'probed' at least 12 firms

As more information circulates about the hackers that infiltrated JPMorgan, investigators are now saying they also attempted entry to at least a dozen other financial firms.   

International banks in London prepare for the possible "Brexit"

Growing reports out of London suggest that British Prime Minister David Cameron is increasingly frustrated with European Union policies, and he could soon warn Europe that he might support calls for a British exit from the European Union if no compromises are reached. The increasingly contentious tone reportedly has prompted foreign banks based in London to already begin exploring their options.

Some details emerge in eagerly awaited Hong Kong link to Shanghai market

Hong Kong is reportedly working around the clock to meet the October go-live date for its link to the Shanghai Stock Exchange. As markets closely watch progress on the project that will for the first time open up Chinese capital markets to real-time trading by international investors, some details of trading through the new link are beginning to emerge.

JPMorgan weighs moving central headquarters to smaller building

Having dispersed some back office jobs or support jobs to places like New Jersey, Delaware or Florida, JPMorgan is reportedly considering moving a leaner central headquarters team into a new building.

Citigroup commits to Hong Kong with record $700 million office tower

Citigroup has reaffirmed its commitment to its Hong Kong hub by agreeing to pay $700 million for new headquarters in a deal that sets a record for the cost of a single-block office building in the city-state. The new office tower, when completed, will be 21 stories and 512,000 square feet.  

Citigroup's sale of OneMain may be near

Citigroup plans to sell its OneMain consumer lending business by the end of this year or early next year, according to Citigroup's CEO Michael Corbat. Citigroup has been interested in selling the unit since after the financial crisis but was not willing to let it go for the prices offered, Corbat said, but now the timing seems right.  

Citigroup criminal inquiry seen focusing on controls

The investigation federal officials reportedly opened into the alleged fraud that took place at Citigroup's Mexican subsidiary may have raised the stakes for the bank, as well as questions about its financial controls.

Deadline looming, banks negotiate extended XP support to finish ATM upgrades

With Microsoft scheduled to withdraw support for its XP operating system April 8, banks around the world are negotiating support extensions as they scramble to upgrade automated teller machines to Windows 7. Several banks are reportedly using the forced migration to modernize their ATMs, adding new capabilities such as reading chips instead of magnetic stripes.

Reported Citibank investigation the latest from vigilant FCPA enforcers

After a banner 2013 for FCPA enforcement, 2014 looks as if it will offer more of the same

Citigroup's anti-money laundering course for undergrads

A unit of Citigroup Inc. in Poland took the unusual step of partnering with the International Compliance Association (ICA) to develop an undergrad anti-money laundering course focused on challenges...