After a year in which JPMorgan Chase accumulated an estimated $20 billion in regulatory fines, CEO Jaime Dimon will get a raise, reports the New York Times.
Canadian bank stocks shot up about 20% in 2013.
U.K.-based bank HSBC PLC says it has suspended two of its foreign exchange traders in London amid a global investigation into the alleged manipulation of currency markets.
Lawmakers’ push for more regulation for the financial system has successfully tamed the industry, says Ben White of Politico.
The $20 billion in fines regulators levied against JPMorgan Chase in the past year may seem big, but the bank's even larger profits have taken their sting away, reports the New York Times.
Managing directors at London banks will be raking in bigger bonuses this year.
RBC is the first bank in North America to set up money transfers using Facebook Messenger contacts, through the RBC Canada app.
Banks charged with violations often face multimillion-dollar fines.
Former Goldman Sachs exec wants to run against current California governor.
Prominent attorneys specializing in white-collar crime in London say they have gotten an influx of clients from the city’s financial sector in recent months, Bloomberg reports.