According to the Financial Times, senior bankers in Britain are frustrated with public warnings from JPMorgan that it could cut thousands of UK jobs post-Brexit, with one unnamed senior banker saying they are "deeply unhelpful for our cause". Meanwhile, the finance ministry has asked British banks not to engage in negative public comments about the consequences of Brexit.
India's central bank is preparing to fight proposed changes to the global regulatory framework that would result in higher capital charges for lenders in the country with high government debt on their books, according to the Economic Times.
In a sign of the constantly evolving nature of financial services these days, American Express Global Business Travel ("GBT") has announced a commercial referral agreement with Airbnb, the community-driven hospitality company, which will make Airbnb for Business more accessible to GBT customers and allow data transfer and traveller tracking.
Starbucks launched its mobile payment experience in China this week, enabling its My Starbucks Rewards members to pay for purchases with their phones, using their pre-loaded Starbucks Gift Card, at more than 2,200 stores across the country.
France urges ex-chief of EU Commission to drop plan for Goldman job
Report warns over binding shareholder votes on pay
Revolut's crowdfunding campaign hits $17MM in two days
City hiring holds up despite referendum
Big banks warn tax proposal on internal debt could make industry 'more fragile'
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