10/27/2013
Deutsche Bank Profit Falls 94% as Trading Revenue Slumps
Investment banks saw a slowdown in fixed-income trading, a key portion of their earnings, as investors waited to see whether the Federal Reserve will begin reducing bond purchases.
Investment Banking
10/25/2013
Businesses warn on bank ring-fence plans
The Lords will discuss the final stages of the plans next month, with the regulations expected to come into force in 2018 or 2019
10/23/2013
Asset management acquisition pays off for Handelsbanken
Challeger bank Handelsbanken saw a steady improvement in profits in the UK in the third quarter
10/23/2013
Credit Suisse Net Climbs 79%
Net income rose 79 percent to 454 million Swiss francs ($509 million) from a year earlier as an accounting charge related to the bank’s own debt wasn’t repeated, the Zurich-based bank said today.
10/23/2013
Barclays considers new pay plan to counter EU bonus cap
The bank may give senior staff an additional monthly cash sum on top of base pay
10/22/2013
BNP Paribas scoops up Brazilian mandate
BB DTVM, which is the largest asset management firm in Latin America and a wholly owned subsidiary of Banco do Brasil, identified international expansion in Europe and Asia as a key priority.
10/21/2013
Lazard AM sees profits tumble 75% across UK business
Lazard Asset Management's UK business has seen profits fall sharply by 75% in 2012 following a rise in outflows as well as a jump in costs.
10/16/2013
Rabobank Bows to Public Pressure Over Executive Bonuses
Dutch lender Rabobank said on Thursday it has abolished bonuses for its executive board members in view of public opinion over bankers' pay.
10/11/2013
Investment banking is shrinking
The investment banking industry is only now beginning to reveal its new shape in the wake of the global financial crisis
10/09/2013
Liberum wins another broking mandate after employee raid
The appointment comes days after Vertu Motors, selected Liberum as its broker instead of Espirito Santo following the move to Liberum by Peter Tracey,
10/08/2013
Societe Generale Securities Services in Russia wins service quality award
This award complements recent industry recognition for SGSS in Global Investor
10/08/2013
IMF sees mounting risks from US monetary policy and euro crisis
As the IMF released its Global Financial Stability Report, it said that it was expecting both rising interest rates and market volatility
10/07/2013
Lazard vs Rothschild vs STJ Advisors
With the return of the market for initial public offerings in Europe this year, so also comes a heightened level of competition among its participants.
10/06/2013
Zurich Int’l Life splits banking distribution channels in Middle East
Zurich International Life in the Middle East has split its bank distribution division
09/26/2013
Barclays to create Glasgow jobs in investment reshuffle
Given how important Glasgow is to us, I expect there will be a net gain
09/25/2013
Goldman Sachs Agrees to Buy Stable Value Unit From Deutsche Bank
Goldman Sachs expects to complete the purchase of the unit
09/24/2013
Signature of an agreement for the sale of Dexia Asset Management
Dexia Asset Management has received multiple awards in recent years across its entire product range
09/24/2013
SocGen CEO defends 2015 profit target
European banks promising return on equity of around 15 percent in two years may face challenges hitting this target given the tough outlook, Societe Generale's Chief executive said on Wednesday.
09/22/2013
Smith & Williamson celebrates double win at STEP Private Client Awards 2013/14
Smith & Williamson, the accountancy and investment management group, has been named Accountancy Team of the Year and Investment Team of the Year at the STEP Private Client Awards 2013/14.
09/20/2013
Credit Agricole may boost regional banks' powers -papers
French bank Credit Agricole is considering a reorganisation that could bolster the powers of the regional savings banks that are its main shareholders.