News by FinTech Collective

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Jail terms for 13 bankers over Monte Paschi scandal

Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday in Milan.

Judges delivered a seven-year jail term to former Monte dei Paschi managers Giuseppe Mussari and Antonio Vigni, and five years for former...…

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The past decade has brought a compliance boom in banking

The economist reviews how, since the financial crisis, compliance budgets and headcounts have swelled at the big banks. 

But pity not finance’s in-house policemen, for they have had a golden decade since the crisis. While swathes of banking have laboured...…

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