A U.S. federal judge approved an aggregate $187 million settlement agreement resolving an antitrust class action against seven of the world’s largest banks that claimed the banks colluded to misreport and manipulate LIBOR rates, harming eurodollar investors.
Barclays is launching a digital adviser that will manage funds for customers who invest as little as GBP 5,000 ($6,280), a move the bank said Tuesday gives less-affluent clients access to services that were previously only available to the wealthy.
Sixteen major European banks banded together to produce a payment system encompassing card payments, merchant transactions, and peer-to-peer payments, according to a joint statement released on Thursday.
Deutsche Bank plans to boost the efficiency of messaging between its clients and employees by integrating the popular WhatsApp chat platform into its communication channels through an expansion of its partnership with Symphony Connect Solution, the bank said Thursday.
More than 100 global investors whose assets exceed the gross domestic products of Germany, France, Italy and Spain combined implored European Union leaders on Friday to prioritize sustainability as they shape economic recovery policies to move forward from the coronavirus pandemic.
HSBC said Monday that it has taken full control of its own German financial unit, HSBC Trinkaus & Burkhardt AG, acquiring the remaining 18.66% stake in the unit from Landesbank Baden-Württemberg, a regional German bank.