G. Kennedy Thompson, chairman and chief executive officer of Wachovia Corporation, has been elected Chairman of the Board at The Clearing House. Commenting on the news, Thompson said: ‘This is a critical time for The Clearing House and the payments industry in general. We’re undergoing some fundamental changes as payments migrate from paper to electronic, regulations become more complex and new competitors enter the marketplace.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.