11/23/2016
Why Credit Suisse’s Local Spin-Off Stopped Making Sense
Planned part-listing of domestic arm solves the wrong problem
Investment Banking
11/23/2016
Wells Fargo Asset Management launches Global Focused Equity Fund and US Small Cap Value Fund
The new funds broaden the current product lineup and provide more investment options to investors. Both funds are UCITS compliant and available to institutional and retail investors.
11/22/2016
UniCredit Finds Bullish Favor Ahead of Italy Referendum, but Monte dei Paschi still Lags
Dilutive capital raising leaves Monte dei Paschi reeling while strong capital generation boosts UniCredit
11/22/2016
Banque de Luxembourg Investments: New equities fund invests in listed European family businesses
New equities fund invests in listed European family businesses
11/22/2016
The Italian Patient
Italy's largest bank is looking to dump its investment arm
11/22/2016
EUB BNY Mellon Appointed Trustee and Paying Agent on Largest Ever Local Authority Bond in U.K.
The proceeds of the issuance will be placed with the Council's Capital Fund and used to fund capital expenditure programmes on vital infrastructure projects in Aberdeen.
11/21/2016
Fosun becomes largest shareholder in Portugal’s leading bank
Fosun the biggest shareholder in the largest listed bank in Portugal
11/21/2016
Worst Asia Stocks Better Buy Than Best Bonds for Julius Baer
Julius Baer has a seven percent allocation to emerging market bonds
11/21/2016
ABN Amro third quarter profit up 19 percent; to shed more jobs
Seven analysts polled by Reuters had forecast underlying profit at 501 million euros.
11/21/2016
Dutch state sells a further 7% of ABN Amro
The transaction is due to be settled on November 21, a year and a day after the state sold the first 23%.
11/21/2016
EIF signs guarantee deals with 5 Bulgarian banks in support of SMEs
The five guarantee transactions are covering two-thirds of the target 600 million euro of total SME funding available under the initiative.
11/18/2016
Top 12 investment banks’ revenue to fall 5%
Coalition expects the revenue of the leading IBs to reduce to $152.2bn this year
11/18/2016
Deutsche Bank considers witholding bonus payouts to former CEOs
Deutsche Bank has had a volatile year.
11/18/2016
Deutsche Bank to Close Brokerage Business in Poland
Deutsche Bank has been undertaking several initiatives under its strategy 2020 to improve the overall business performance.
11/17/2016
Santander buys back asset management business
Chairman Ana Botín unwinds another part of late father’s strategy
11/17/2016
Mediobanca to sell down Generali stake in wealth management drive
Italian bank looks to diversify in face of competition from US rivals
11/17/2016
Investment banks’ profits driven by debt trading
Fixed income, currencies and commodities put in the strongest quarterly performance
11/17/2016
UBS London Operations to Stay Put for Time Being
The Swiss bank’s chairman said it will not change its London operations any time soon
11/17/2016
Dutch State Earns €1.3 Billion on ABN AMRO Sell Off
ABN Amro was nationalized duriing the financial crisis of 2008
11/16/2016
BNP Paribas Most Profitable European Bank in U.S., Filings Show
Foreign investment banks revealed figures under new Fed rule