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Barclays cuts 400 investment banking jobs

Barclays is to cut up to 400 jobs from its investment banking arm as part of a restructuring programme.

Dutch Lender Said to Consider Sale of U.S. Bank

Dutch lender selling assets to boost capital, is exploring a sale of its U.S. retail bank or other American operations

BofA Merrill Jumps to Top of Institutional Investor's All-Europe Research Team Roster

Exane BNP Paribas Is Biggest Upward Mover in Annual Ranking of Sell-Side Analysts

Europe’s Investment Bankers Mark Worst January in Decade

Investment bankers in Europe are off to the leanest start to a year in a decade as dwindling income from deal-making and trading presses firms to reduce costs.

Maritime & Merchant AS Granted Banking License

M&M will be a highly specialized niche financial institution focused on the maritime and offshore industries

SocGen said planning to recruit in area as rivals retrench

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.

BNP Paribas launches depositary banking business in Switzerland

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

Bank of America Said to Lift Salaries for Some Senior EU Staff

Lenders will be able to ask national regulators to exempt staff earning as much as 1 million euros

Barclays Cyprus downsizes

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.

Goldman Sachs Pioneers Plan to Deal With Bonus Cap

U.K. Approves Complex New Pay Structure as Others Scramble for Ways to Maintain Compensation Levels

Barclays announces £330m regulatory bill

Barclays announced to the stock exchange yesterday that its full-year results would show £330m allocated for litigation and regulatory penalties.

Barclays to cut hundreds more investment bank jobs

The number of jobs being axed was in the "low hundreds"

Accountants: The New Investment Bankers

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.

ICBC Agrees to Buy 60% of Standard Bank’s Markets Unit

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.

Societe Generale in French securities exchange deal

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.

William Broeksmit, Former Deutsche Bank Risk Manager, Dies at 58

They said Broeksmit was “instrumental as a founder of our investment bank”

Barclays plays down price war as it reveals similar fund charges

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.

Onlookers shocked as JPMorgan technology VP dies in fall from London banking tower

A man has died after falling from the JP Morgan bank HQ in London's Canary Wharf

Top bankers expect EU stress tests to reignite banking M&A

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.

Compliance consultancy expands into DFM provision

The Thistle Initiatives Group has acquired Judicial Assess Management Limited for an undisclosed sum as part of its expansion into the investment management sector.

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