Hundreds of crypto firms fail FCA money laundering test

Just 13% of crypto firms that applied for authorization under the Financial Conduct Authority’s money laundering rules over the past two years have been successful. The regulator has received a flood of applications under the Fifth Anti-Money Laundering Directive — Read more

XTX’s Zar Amrolia: Why’Terminator’ robots will never replace human traders

Zar Amrolia started off as a quant at JPMorgan in 1988 when he was in his mid-20s. He drifted into trading and sales, with stints at Credit Suisse and Goldman Sachs, rose to the head of currency trading at Deutsche Read more

Ex-JPMorgan traders accused of spoofing as $ 1bn case heads to court

Two former precious metals traders at JPMorgan Chase and a co-worker who handled hedge fund clients face trial starting 8 July in the climax of a seven-year Justice Department campaign to punish alleged market manipulation. The criminal trial in Chicago Read more

FCA’s failings on P2P lending raise concerns about crypto approach

The revelation that a cryptocurrency lobbyist donated £ 500,000 to the Conservative Party two months before the government pledged to turn the UK into a global crypto hub has raised concerns about whether party funding is influencing financial policy. Tulip Read more

Leon Black rebuffed in Apollo conspiracy claim

A federal judge dismissed a case brought by former Apollo Global Management chief executive Leon Black alleging that his former partner and others conspired to destroy his reputation and push him out of the firm. Black last October filed a Read more

Q & A with Kelechi Onukogu: You can’t rely on your boss to progress your career

A: Some people realise that when you grow up, whatever you graduate in, is not where you’re going to end up. I quickly realized over time what my strengths were. And it’s all about relationship building and dealing with clients, Read more