10/20/2015
Wells Fargo wins deal to recruit Credit Suisse U.S. brokers
Wells Fargo operates the third-largest brokerage network in the United States, with about 15,000 advisers.
Investment Banking
10/19/2015
Deutsche Bank reorganizes its top ranks
The changes represent the first major attempt by John Cryan, cochief executive since July, to address complaints the bank is too complicated and not profitable enough.
10/19/2015
HSBC set to stay in UK after regulatory concessions
Reports suggest watering down accountability and ring-fence rules has influenced decision
10/18/2015
Deutsche Bank splits investment bank in two as part of overhaul
The investment bank's corporate finance business as well as its Global Transaction Banking operation would be combined in a newly created unit called Corporate & Investment Banking.
10/16/2015
While HSBC contractors get pay cut, senior bankers wait for salary rise
HSBC has just ‘ordered’ its contractors to take a 10% pay cut and a two week holiday (unpaid), and it’s not the only one.
10/16/2015
French ex-trader tells Societe Generale to refund tax-payers' money
The tax payer bailed out Societe Generale because the bank claimed it was the victim of fraud
10/15/2015
Loeb Partners Corp and Spencer House form new venture
Loeb Spencer House clients also will have access to the global network and resources of both Loeb Partners and Spencer House Partners for seamless cross-border advice and transaction execution.
10/15/2015
HSBC cuts pay of London investment banking staff
Pay cuts will affect all contract workers in the global and markets division
10/14/2015
Barclays needs to spell out exactly what sort of bank it wants to be Nils Pratley
The appointment of Jes Staley as chief executive raises more questions than it answers, particularly about Barclays’ investment banking ambitions
10/13/2015
Cantor opens in Edinburgh after hiring Shore team
Cantor Fitzgerald Europe is to open an Edinburgh office after hiring a team from rival Shore Capital.
10/12/2015
Ireland wins as UBS shifts fund from Cayman Islands
Swiss fund manager will use new Irish Icav structure to move product from the Caribbean domicile
10/12/2015
Top firm boss: Firms may want to merge investment banking units
'If there was a decent play that was neutral or accretive for shareholders, we wouldn’t be opposed to just joining two investment banks'.
10/12/2015
Cantor opens in Edinburgh after hiring Shore team
Investment bank Cantor Fitzgerald Europe is to open an Edinburgh office after hiring a team from rival Shore Capital.
10/11/2015
European Investment Bank in Sh11tr climate financing
Kenya could benefit from a new line of funding from the the European Investment Bank
10/11/2015
Foreign banks to stick out Russia crisis for lucrative margins
SocGen, which is more exposed than UniCredit and Citi to retail lending, recorded a €136mn first-half loss in Russia, though its local divisions contributed over 10% of group profit as recently as 2013.
10/11/2015
Barclays chief says EU banking champion needed to compete with US
The comments by two of Europe’s most senior bankers underline the growing angst in the industry about its performance and prospects .
10/09/2015
Treasury makes further moves to sell off bank stakes in Lloyds and RBS
Government holding in Lloyds falls below 11pc as the state converts its non-voting shares in RBS
10/09/2015
StanChart CEO plans to cut about 1,000 top staff: memo
New CEO Winters says up to a quarter of senior staff roles to go; disposals also likely, clients to be cut
10/08/2015
HSBC lines up Swedish Lynx funds
It also further demonstrates our capabilities and developmental flexibility within global transfer agency and accounting and valuations
10/07/2015
Deutsche Bahn hires Lazard to look at Arriva options
Deutsche Bahn's operating profit fell almost six percent to 2.1 billion euros $2.4 billion last year and the company made more than 40 percent of that profit abroad.