How to write the perfect compliance CV

Compliance professionals are now in demand world over, with vacancies opening up as banks grapple with new regulations and try to avoid billion-dollar fines. But more people are also entering the sector as compliance roles become more interesting and more lucrative. If you’re applying for a job in compliance, toning up your resume is a…

European liquidity boosts JPMorgan Private Bank

Phil Di Iorio, CEO of JPMorgan Private Bank, talks about where his firm is seeing growth from around the globe. Phil Di Iorio Further reading All the CEO interviews Despite Europe’s economic challenges, Di Iorio says the continent is providing opportunities for private banks. “We are seeing a lot of liquidity events in Europe through…

RBS and other banks have ‘creaking IT systems’

Head of bankers’ association blames move to mobile banking for payment processing glitch. RBS’s latest IT failure was described as unacceptable by the head of the British Bankers’ Association, who said banks’ IT systems were “creaking” under the strain of customer demand. In an interview on Radio 5’s Wake up to Money, the chief executive…

Britain leaving EU would affect credit rating, says Moody’s

Agency says Brexit would close UK off from common market, trade opportunities and protections, and put pressure on the pound. A vote to leave the EU could cut the UK’s credit rating, according to the ratings agency Moody’s, which has waded into the debate with a warning about rushing the referendum. The agency, which rates…

HSBC to reveal plans over UK headquarters in face of bank levy

CEO Stuart Gulliver expected to address strategy just a day before George Osborne’s annual Mansion House speech to audience of top bankers. HSBC, the biggest payer of the UK banking levy, will set out on Tuesday exactly how it plans to decide whether to keep its headquarters in Britain in remarks that will be closely…

German and French ministers call for radical integration of eurozone

Social democrat Sigmar Gabriel and French economics minister Emmanuel Macron call for embryo euro area budget and fiscal powers German and French politicians are calling for a quantum leap in how the EU’s single currency is run, proposing an embryo eurozone treasury equipped with a eurozone finance chief, single budget, tax-raising powers, pooled debt liabilities,…

UK financial system needs urgent overhaul, says thinktank

New Economics Foundation calls for banking reforms and warns that strength of Britain’s financial system lags behind its G7 peers. The UK’s financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis, according to a thinktank. A report published by the New Economics Foundation on Tuesday places the…

Brussels warns UK over budget failings as Germans handed a reprieve

Britain cautioned over breaching EU deficit limits, while eurozone’s biggest creditor will avoid punishment for running persistent surpluses. Britain will remain under the oversight of European Union budgetary authorities after failing to take enough “effective action” to reduce the hole in its public finances. At 5.2pc of national output in 2014, the UK’s budget deficit…