11/10/2013
HSBC, JPMorgan top global banks capital surcharge list
JP Morgan and HSBC topped the list of the world's top 29 banks that must hold extra capital from 2016 because of their size and reach
Investment Banking
11/07/2013
UBS Pulls Away From State
UBS has repurchased a troubled asset fund handed over to Switzerland's central bank in the midst of the financial crisis, marking a symbolic end to state support for the country's biggest lender.
11/06/2013
SocGen Said to Lift Newedge Stake in Swap With Agricole
Societe Generale has entered into exclusive negotiations with Credit Agricole to acquire the additional 50% stake in Newedge,
11/06/2013
Valartis Chooses VTB Unit to Run Its $1 Billion Russia Fund
As part of the agreement, Valartis senior portfolio manager Tim McCarthy and a team of analysts will move to the VTB unit, part of Russia’s second-largest lender
11/06/2013
Singapore Press-RBS wants stronger link between Asia, UK ops - Business Times
Despite the bank's strength back home, only 10 per cent of its business in Asia is linked to the bank's UK operations
11/03/2013
BNP Paribas Completed Acquisition of Commerzbank “Depotbank” Business
In July BNP Paribas Securities Services signed the acquisition of the “Depotbank” business of Commerzbank.
10/30/2013
2015 may be a good moment for ABN Amro flotation: CEO Zalm
The cabinet estimates a flotation could raise €15bn
10/28/2013
Investment banking slowdown to hit European lenders
European banks are set to echo the grim performance shown by Wall Street's big banks in fixed income, where revenues - which account for about half of total investment bank income - were down about 15 percent on average from a year ago.
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.
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