BGC in hostile $675m bid for rival GFI

Inter-dealer broker acts after ‘delays’ in striking negotiated deal

BNY Mellon in Asia wealth management push

Joins US banks seeking to expand fee-based investment services

Head of Mexico’s stock exchange quits

Luis Téllez to ‘dedicate himself to new projects’

China bank funds buy stake in Mediobanca

Italy a focal point of Beijing’s €5bn Europe investment push

US risk-retention rule given US approval

Measure aims to curb behaviour by lenders that helped fuel crisis

US regulator accuses Ocwen of backdating

Alleged lapse in process caused borrowers ‘significant harm’

Crowdfunding merits its hype

The sheer variety and ingenuity of schemes that are seeking backing is inspirational

London broker sets up Manchester office

New office comes amid a resurgence of corporate activity in the regions

KPMG targets SMEs with cloud software

‘Transformational change’ for firm’s business

Banks risk losing an arm with branch cuts

Leaving the high street risks alienating elderly, wealthy clients

Embedded Investors turn to junk ETFs amid sell-off

Trading activity in high-yield bond ETFs increased sharply during periods of market volatility

Goldman clash sheds light on Libyan fund

$1bn court case also closely eyed for banking world revelations

Basel to speed up leverage ratio work

Fast-track of process means rule may be unveiled in 2015 or 2016

Pick fund managers with skin in the game

What if there was a way to identify market beaters in long run?

City watchdog in private warnings blitz

UK’s Financial Conduct Authority issues 62 so far this year

UK banks should have fewer complaints

Reform will have a positive impact on the City’s reputation as a stable banking centre

Lending Club picks NYSE for landmark IPO

Listing that could raise at least $500m is seen as a watershed moment for peer-to-peer industry

M&A deal failure at highest since 2008

A total of $573bn worth of deals have been withdrawn so far

Bitcoin exchange to trade other currencies

Coinfloor to expand with US dollars, euros and Polish zloty

RBS to enter P2P lending market

High street bank plans online platform launch before end of year

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