01/08/2021
Commerzbank raises bad loan provisions as lockdown drags on
Germany’s second-largest lender earmarks ‘at least’ €1.7bn for losses, its second increase since November
Investment Banking
01/08/2021
EIB Group and BNP Paribas launch new securitisation operation to support French companies facing the consequences of the COVID-19 crisis
The financing operations may take the form of bank loans or leasing transactions. The beneficiaries of this financing will have access to favourable financial terms via an onlending deal granted by the EIB.
01/04/2021
Lawyers brace for banker bonus backlash: ‘This round will be more fraught than usual’
This bonus season, bank bosses have a particularly delicate balancing act. The annual tradition of culling underperformers to preserve the overall bonus pool will be especially tough
01/03/2021
Deutsche Bank CEO Seeks Key Role in Banking Consolidation: Welt
Profit from lending is under pressure due to Europe’s negative interest rates.
12/31/2020
HSBC break-up will turbocharge CEO's more lucrative Asian pivot
Though HSBC is already cutting roughly a third of its US retail branches, offloading the unit would be cleaner.
12/28/2020
Big changes ahead in Spain's Banking Sector
CaixaBank-Bankia merger finalised
12/24/2020
Deutsche Bank bets on Asia recovery, targets higher profitability in region, APAC CEO says
That compares with a ROTE of 10 per cent in the region this year.
12/23/2020
Deutsche Bank mulls 10% bonus hike for fixed income traders
The potential bonus rise comes after Deutsche CEO Christian Sewing said last month that employee morale had improved in the past year
12/21/2020
Metro Bank sells £3bn mortgage portfolio to NatWest
Metro Bank said the sale created additional lending capacity and enabled it to focus on higher yielding assets, such as specialist mortgages and unsecured loans.
12/18/2020
Lloyds cancels staff bonuses after profits fall
UK bank tells employees it failed to meet criteria for payouts in 2020
12/09/2020
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12/02/2020
JPMorgan's salary freeze will be repeated elsewhere
Traders at JPMorgan say the pay freeze was expected.
12/02/2020
Davr Bank joins EBRD’s Women in Business programme
The programme promotes women’s entrepreneurship and participation in business by assisting with access to finance, know-how and technical advice.
12/01/2020
Natwest, Santander to sell more shares in Saudi British Bank -document
The two banks in September had handled a 1.5% stake sale by Natwest and Banco Santander in September
12/01/2020
JPMorgan Chase and Lloyds are each considering acquiring Starling
Starling has attributed its growth to its emphasis on sustainability over aggressive customer acquisition
12/01/2020
ABN Amro to cut about 2,800 jobs as investment bank shrinks
The workforce will shrink by about 15%, with most reductions to start in 2022, Chief Executive Officer Robert Swaak said in an investor update on Monday.
11/27/2020
Spain’s BBVA and Sabadell scrap merger talks
Disagreement over pricing comes less than 2 weeks after banks confirmed the tie-up
11/27/2020
Credit Agricole Consolidates Position in Italy with Creval Buy
The acquisition would add about 0.7 million of customers to its existing 2.1 million Italian customers.
11/27/2020
BNP Paribas, Credit Agricole in new interbank digital currency project
The groups say it plans to comply with applicable regulations.
11/25/2020
Goldman Sachs Picks France for Post-Brexit EU Stock Trading
Goldman would shift trading in shares of companies based in the bloc to its new Paris hub, SIGMA X Europe.