12/30/2013
Burberry and Sainsbury’s in spotlight as possible takeover targets for next year
Investment bank UBS chooses its top picks for takeovers in 2014
Investment Banking
12/30/2013
French IT services firm hires advisers for Danish payment service firm bid-paper
"It has very high priority for Atos," an anonymous source with knowledge on Atos' plan told Borsen.
12/22/2013
RBS plans salary boost to dodge bonus cap
A handful of executives at the taxpayer bank’s markets division could see their monthly wage almost double to compensate for the new rules, according to sources.
12/19/2013
UBS Sells Stock Benefits Manager to Montagu Private Equity
The sale of the unit, called Corporate Employee Financial Services International, is expected to close in 2014
12/19/2013
Secret Currency Traders’ Club Devised Biggest Market’s Rates
It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green.
12/15/2013
Russian Bank Chief Weighs Firings as Costs Absorb Revenue
VTB Capital International has missed its profitability targets for the past five years, Atanas Bostandjiev wrote in a Nov. 15 memo to Yuri Soloviev, deputy chief executive officer of parent VTB Group.
12/11/2013
Britain outstrips rest of Europe in M&A deals
The UK’s deal-making outstrips its more robust European peers with Germany recording just six M&A deals and France and the Netherlands reporting just seven deals in 2013, according to research by Cass Business School and professional services fi
12/10/2013
Risk and compliance professionals flee investment banking for the “buy-side dream”
A migration of experienced talent from investment banking into asset management could result from changes in the regulatory environment according to research carried out by Charles Cooper, financial services risk consultant at Twenty Recruitment.
12/10/2013
Santander ups bet on China with Bank of Shanghai stake
Several major U.S. and European banks including Bank of America and Switzerland's UBS have started shedding their Chinese holdings for a variety of regulatory and business reasons.
12/03/2013
ABN Amro to enter UK leasing market
Dutch-owned bank hires Aldermore's George Ashworth to go head-to-head with GE and Lombard
12/01/2013
2014 Outlook For Investment Banking
A much more positive tone is revealed in the fifth Outlook for Investment Banking Services
12/01/2013
Who Are the Brightest Young Stars in European Investment Banking?
After a prolonged period of redundancies, restructurings and retrenchment, as investment banks have begun to see a revival in the capital markets
12/01/2013
Investment Trust 'Master' Eyes Emerging Markets
Peter Walls, the Citywire AA-rated fund manager of Unicorn Mastertrust, which invests in investment trusts, has taken tentative steps into emerging markets.
11/27/2013
No Gold Bars But Higher Salaries for London Bankers with Bonus Cap
In the 1990s, London-based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact of higher payroll taxes.
11/27/2013
Key Facts About BNP Paribas
BNP Paribas operates one of the largest retail bank networks in the world.
11/27/2013
Credit Suisse Sees Sovereign-Debt Growth as Rates Unit Shrinks
The second-biggest Swiss bank is a market maker for sovereign debt in nine European nations, including Germany and the U.K., and has no plans to cut back in those markets, London-based Laurent Curtat said in a phone interview yesterday.
11/26/2013
UBS Investment Bank Bans Use of Multi-Bank, Social Chat Rooms
Regulators have targeted traders’ electronic messages, using them as evidence of wrongdoing in their investigations into the manipulation of benchmark interest rates and foreign- exchange markets.
11/26/2013
Trader Messages Scrutinized as UBS Bans Chats Among Firms
Messages between traders in a commodities chat room last week ranged from the dating habits of Kim Kardashian’s mother to West African pirates plundering oil and gas reserves to a riddle.
11/25/2013
London Bank Plans African Office
Johannesburg Exotix Ltd., the London-based investment bank boosting its African equities team, plans to open its first office on the continent in the next six months
11/25/2013
Rothschild parent Paris Orleans posts lower sales, net profit
Paris Orleans reported lower first-half revenue and net profit, citing a weak merger-and-acquisition market as well as impairment charges related to its investment in Banque Privee Edmond de Rothschild.