JPMorgan Treasury Services established a new record for its USD fund transfer business with a total of $2.7 trillion in business recorded on 15th of November. This was the first day of business following the merger of its lead banks into JPMorgan Chase Bank. On that day JPMorgan’s global clearing business processed 342,345 items to achieve the new record. Prior to this JPMorgan’s average daily USD funds transfer was 240,000 items with a value of $1.7 trillion.
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.