02/27/2017
Russia's VTB plans to slim down in Europe, keep London as hub
"If you take any Russian company on a roadshow, then absolutely the first center where you go remains London."
Investment Banking
02/27/2017
A Small Part of Standard Chartered Is Giving the Bank Big Problems
The soured deals were a major reason why annual profit fell short of analysts’ estimates.
02/24/2017
BNP Paribas lands €60 billion custody mandate
The decision to consolidate into a single securities custodian followed an internal analysis process, and is expected to lead to significant cost savings, allowing Mapfre to focus resources on its core activity.
02/24/2017
Challenger bank posts £11.7m loss
It’s been another great quarter and I’m delighted with our full-year performance.
02/24/2017
Barclays price target increased by bullish Deutsche Bank
The stock is trading below its net tangible asset value, prompting DB to lift its price target
02/24/2017
Credit Suisse Sees $750 Million Revenue at Risk in `Hard' Brexit
International companies that don’t depend on so-called passporting to do business with Credit Suisse account for most of the overall revenue there.
02/23/2017
Barclays Said to Cut Investment Bank Bonus Pool for Third Year
The decrease would have been bigger if not for a drop in the pound that made paying U.S.-based employees more expensive.
02/23/2017
Clearing houses top Bank of England’s agenda
Stress tests for clearing houses, which sit at the centre of huge webs of financial trades, are on the cards for 2017
02/23/2017
ING and Société Générale successfully use blockchain prototype for live oil trade
The test proved that there were significant speed, cost and risk benefits to be achieved.
02/23/2017
Barclays full-year profits almost treble to £3.2bn
We are now just months away from completing the restructuring of Barclays.
02/23/2017
Shrinking investment banks can’t make enough money
Margins are improving but jobs are going - because investment banks still don't cover their cost of capital
02/23/2017
Barclays reports surprise capital boost as legal costs loom
While Barclays profits were lower than expected
02/22/2017
Credit Suisse investment banking associate leaves to join Uber
Junior investment banking jobs are, of course, renowned for their relentless long hours and strict hierarchical working environment.
02/22/2017
Germany a favourite for Citi's Europe investment banking HQ
Citi will move several hundred jobs outside of London in the wake of Britain's decision to leave the European Union.
02/22/2017
Moody’s Changes Outlook for 14 Russian Banks to Stable From Negative
Has been changed to stable from negative amid the upgrade of Russia's sovereign debt rating.
02/22/2017
Clash of Russia State Bank Giants Deepens as VTB Arm Hires 7,000
The mass segment is often underestimated, but we think that it has high potential and that’s why we pay attention to working with the regions.
02/22/2017
Barclays seals divorce agreement with African subsidiary
Deal will set out terms of split with BAGL and could cost British bank £1bn
02/21/2017
US equity firm closes in on purchase of Portuguese bank
The negotiations have been conducted in secret.
02/21/2017
Royal Bank of Scotland shares jump as dividend hopes rise
It would be RBS’s first shareholder payout since it was bailed-out in 2008
02/21/2017
Struggling European banks see light at end of low-rates tunnel
But the policy has been politically divisive, prompting fierce criticism from famously thrifty Germans as the returns on savings in Europe’s biggest economy dwindled to nothing.