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Traders should be held accountable for algorithms, industry body says

The FICC Markets Standards Board also proposed that traders keep an inventory of algorithms used and the risks associated with them

Fintech firms distance themselves from Wirecard

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The payments firm filed for insolvency this morning after auditors discovered a €1.9bn hole in its balance sheet

Wirecard shows financial flaw in Germany’s system

Wirecard benefited from the obvious hands-off approach of German regulatory authorities, which prompted the head of the banking watchdog BaFin to admit that 'a whole range of public and private entities including [his] own' hadn’t been effective enough

Baudon to remain as chair of Invest Europe after passing of Rory Macmillan

Anne Fossemalle, a director at the European Bank for Reconstruction and Development, has been appointed as chair-elect for 2021-2022

ECB weighed on bond-buying program, minutes show

The account shows a lengthy debate about the advantages and possible drawbacks of the ECB’s bond purchases, a stimulus tool that the bank has relied on heavily for more than five years.

BoE reviewing resilience of non-bank firms, including hedge and fund managers

The assessment will be published in August and will include possible indicators to monitor the risks facing the sector, including asset managers and hedge funds

Credit Suisse review of funds shines light on SoftBank’s multiple roles

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Fund documents reviewed by The Wall Street Journal don’t disclose SoftBank’s connection to Greensill or to the companies receiving financing

Deutsche Bank to monitor staff WhatsApp messages

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Symphony said Deutsche Bank employees could now 'communicate with clients anytime, anywhere via their preferred chat platform'

Wirecard files for insolvency after revealing $2bn accounting hole

Extend coronavirus business support schemes, says CBI

The trade body also said there should be an ‘immediate’ deferral on VAT payments in the second quarter

UK firm Tenzing raises £400m for second fund in ‘virtual’ process

Tenzing Private Equity II was raised in nine weeks and is the first buyout fundraised through an entirely virtual process

SoftBank CEO Masayoshi Son to resign from board of Alibaba

Son famously decided to invest $20m in Alibaba in 2000, after a five-minute chat with Ma

Barclays’ lawyers quiz key Staveley witness over sale of Newcastle football club

The bank’s attorney Jeffery Onions QC was trying to determine whether Ali Jassim, an adviser to Sheikh Mansour of Abu Dhabi, and Amanda Staveley are still working together

Which finance firms are reopening their offices and when?

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With the City slowly coming out of hibernation after lockdown, the big finance firms announce what they are planning

https://www.wsj.com/?type=allesseh_content_full_list