Singapore’s central bank, the Monetary Authority of Singapore (MAS) announced today that it has fined UBS $8 million (S$ 11.2 million) for making deceptive bond trades. Advisors at the Swiss bank have been found to have mispriced the bonds and other structured products that they sold to clients. According to the statement released by MAS, […]
Standard Chartered has announced its partnership with Quantexa, a contextual decision intelligence software firm, in order to combat financial crimes. Quantexa is going to work directly with the Financial Crimes unit at the bank and will help the bank in tackling a wide range of issues related to financial crimes. Contextual data and network analytics […]
The EU finance commissioner announced that the European Commission might come up with a set of new rules regarding bank capital, which may be proposed in the European Union by June 2020. These rules are according to the agreement made globally about two years ago to bring a reform in the banking sector. According to […]
JP Morgan, which earlier admitted financial research firm Limeglass into it’s in residence program for incubating promising start-ups, has now bought a stake in the firm. Head of Transformation & Implementation for sales and research at JP Morgan, Hussein Malik said, “We are continuously investing in technology to help deliver industry-leading content and to help […]
Wells Fargo & Co is on the verge of growing its teams working on mortgage loans process to get ready for elevated mortgage quantities. This move comes after it let go, around 1,000 employees in the same department during the year 2018, according to a report. Earlier Wells Fargo was reported in an article by […]
An investment bank based out of the United States has cautioned investors that it is shortly going to stop permitting the selling of marijuana corporations functioning in the US. The New York Mellon bank also released a memo to the investors on November 30, Monday, stating that any arriving positions as well as cannabis stock […]
