02/04/2014
It comes as competitors such as UBS, Credit Suisse, Barclays and Deutsche Bank are reducing staff and capital in their fixed income units in an effort to cope with falling revenues, stricter capital rules and a costly move towards electronic trading.
02/03/2014
This launch allows BNP Paribas’ asset manager and asset owner clients with funds domiciled in Switzerland to benefit from the banks’ established, pan-European expertise in depositary services such as cash monitoring, oversight and safekeeping
02/03/2014
Lenders will be able to ask national regulators to exempt staff earning as much as 1 million euros
01/30/2014
Barclays bank plans to downsize worldwide and its two branches in Cyprus are also affected with only about 20 out of about 45 employees keeping their jobs.
01/30/2014
U.K. Approves Complex New Pay Structure as Others Scramble for Ways to Maintain Compensation Levels
01/30/2014
Barclays announced to the stock exchange yesterday that its full-year results would show £330m allocated for litigation and regulatory penalties.
01/29/2014
The number of jobs being axed was in the "low hundreds"
01/29/2014
European banks pared back their hiring of graduates between 2007 and 2010 during the fallout of the financial crisis, while the junior ranks were the hardest hit when the banks initiated rounds of job cuts to slash costs.
01/29/2014
Industrial & Commercial Bank of China Ltd., the world’s most profitable lender, agreed to pay about $765 million for 60 percent of Standard Bank Group Ltd. markets unit to expand in commodities and currency trading.
01/29/2014
Societe Generale Securities Services was engaged by IntercontinentalExchange Group (ICE) to manage the exchange of securities on the Euroclear Clearing Systems following its merger with NYSE Euronext.
01/28/2014
They said Broeksmit was “instrumental as a founder of our investment bank”
01/28/2014
The two have both undercut market leader Hargreaves Lansdown, which will charge 0.45 per cent. All three fund giants control 52 per cent of the market.
01/28/2014
A man has died after falling from the JP Morgan bank HQ in London's Canary Wharf
01/27/2014
Bankers expect a thorough European Central Bank health check of the euro zone's largest banks to reignite domestic and cross-border merger activity by rebuilding confidence among lenders.
01/27/2014
The Thistle Initiatives Group has acquired Judicial Assess Management Limited for an undisclosed sum as part of its expansion into the investment management sector.
01/25/2014
Deutsche Bank is talking with prospective buyers about selling its place in the global gold and silver price setting process, known as the "fix", sources familiar with the situation said on Friday.
01/23/2014
UBS’s board supports the strategy of keeping the investment bank to help provide services needed by the company’s ultra-rich clients in wealth management, Chairman Axel Weber said.
01/21/2014
After implementing the passport of its Luxembourg management company in France, J.P. Morgan Asset Management has chosen BNP Paribas Securities Services as depository bank and fund administrator for its first France-domiciled fund based on this model.
01/20/2014
Swiss Investment bank to outsource fixed income trading platform
The Swiss bank will begin outsourcing its fixed income trading platform to two technology groups in an attempt to save costs
01/16/2014
VTB Capital adapts to changing asset management landscape
Russia’s changing economic market demands that the financial services sector adjusts its focus if it is to identify new opportunities for profitable gains.