A new Cambridge University report finds alternative finance exploding in Europe, led by the UK. However, Chris Middleton warns that underlying trends are less healthy for Britain.
Several US banks have reported first-quarter earnings, providing an insight into how the Wall Street financial services sector is performing in a jittery, more tightly regulated economy, as banks face increased disruption from digital challengers.
British bank Standard chartered has been ordered to pay a total of $1.1 billion (£842 million) by US and UK authorities for money laundering activities and breaching economic sanctions.
Technology is changing the very nature of investment banking, according to a report from data analysis firm CB Insights. Goldman Sachs is among the long-established players investing in new digital products as core differentiators, as rivals pull out of some ...