Barclays is set to bring 600 jobs to Glasgow, establishing a global shared services hub in the Scottish city to support its investment banking and wealth management divisions.

JPMorgan has named Paul Compton as chief administrative officer of its investment bank, as it bids to streamline and improve technology across the business, the Wall Street Journal reports.

An Irish government minister has been forced to backtrack on proposals to charge customers for using ATMs as a way of encouraging a move away from cash to electronic money.

Wells Fargo has become the latest banks to confirm its participation in trials of NFC-enabled mobile payments technology in association with Visa.

The central Bank of Namibia has authorised the establishment of a new mobile-only bank to be operated by local m-payments outfit MobiCash.

Around half (48%) of UK small businesses (SME) are using smartphones for email or to log on to the Internet for business and payments, with a further nine per cent planning to adopt the technology ...

UK banking upstart Metro Bank says its first branch exceeded full-year account opening targets in its first month of operation.

Royal Bank of Scotland is to axe 3500 back office support and technology jobs and close 12 offices across the UK in a move branded as a "horror story" by finance unions.

Logica has won a four-year contract to take over the IT operations and infrastructure services of Finnish card payment group Luottokunta

The Futures Industry Association has slammed regulatory proposals to gather more account information from market participants as "premature" and overly burdensome for the industry.

Diligenta, a unit of Indian outsourcer Tata Consultancy Services, has acquired the business of Unisys Insurance Service Limited (Usil), bagging £250 million in mandates from The Phoenix group and Old ...

Heartland Payment Systems has agreed to pay up to $5 million to Discover Financial Services in relation to the data breach that hit the processor in 2008, marking its final settlement with all ...

US banking startup BankSimple has closed on a first funding round and set its sights on a 'friends and family' beta launch by late October.

First Data is forecasting 100,000 unit sales by year-end of its new card protection system FirstArmor, which begins shipping to merchants today.

Nyse Euronext has moved into publishing with the acquisition of quarterly magazine Corporate Board Member.

Social media giant facebook is to offer gift cards loaded with Credits at retail stores across the US, beginning with the Target supermarket chain.

Inter-dealer broker Icap is to launch an electronic market for trading Euro interest rate swaps, with support from market makers Barclays Capital, Deutsche Bank and JPMorgan.

Bloomberg Tradebook is seeking to address buy side wariness of dark pools and thwart high frequency gaming by showing traders where their orders are being filled in real time.

Atos Origin has acquired Indian payments processor Venture Infotek, as it bids to expand its interests in one of the world's fastest-growing payments markets.

LCH.Clearnet has moved to slash its fees and eliminate charges for high volume equity traders as it responds to the twin threats of growing competition and customer defections.

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