11/23/2013
Buckingham Palace 'hired out' for bank dinner
JP Morgan, the US investment bank, hired Buckingham Palace for a dinner hosted by the Duke of York, it was claimed.
Investment Banking
11/21/2013
Bank of America intern died of natural causes - inquest
His death highlighted concerns about interns working excessive hours and even through the night after newspaper reports suggested that Erhardt had worked for 72 hours without sleep before he died.
11/20/2013
Investment Banks Must Fire Thousands To Survive - McKinsey
McKinsey fears that investment banks' attempts to cut costs have so far been too ineffective and that firms must move to reduce their staff head count.
11/17/2013
RBS in talks over investment bank
RBS said it was in talks with a single third party over the deal but that no agreement had been reached
11/16/2013
Good news for bankers but it won't help the humble customer
Rabobank and Danske both announced they were abandoning Ireland in recent months
11/14/2013
RBS to park billions in shipping loans at 'bad bank' -sources
Shipping has weighed heavily on its financiers, with the industry facing one of its worst downturns in decades.
11/12/2013
VTB Capital to exit Luxoft through share offering
Russian investment bank VTB Capital plans to sell its entire 9 percent stake in software developer Luxoft through a secondary share sale that could raise up to $87.5 million
11/10/2013
HSBC, JPMorgan top global banks capital surcharge list
JP Morgan and HSBC topped the list of the world's top 29 banks that must hold extra capital from 2016 because of their size and reach
11/07/2013
UBS Pulls Away From State
UBS has repurchased a troubled asset fund handed over to Switzerland's central bank in the midst of the financial crisis, marking a symbolic end to state support for the country's biggest lender.
11/06/2013
SocGen Said to Lift Newedge Stake in Swap With Agricole
Societe Generale has entered into exclusive negotiations with Credit Agricole to acquire the additional 50% stake in Newedge,
11/06/2013
Valartis Chooses VTB Unit to Run Its $1 Billion Russia Fund
As part of the agreement, Valartis senior portfolio manager Tim McCarthy and a team of analysts will move to the VTB unit, part of Russia’s second-largest lender
11/06/2013
Singapore Press-RBS wants stronger link between Asia, UK ops - Business Times
Despite the bank's strength back home, only 10 per cent of its business in Asia is linked to the bank's UK operations
11/03/2013
BNP Paribas Completed Acquisition of Commerzbank “Depotbank” Business
In July BNP Paribas Securities Services signed the acquisition of the “Depotbank” business of Commerzbank.
10/30/2013
2015 may be a good moment for ABN Amro flotation: CEO Zalm
The cabinet estimates a flotation could raise €15bn
10/28/2013
Investment banking slowdown to hit European lenders
European banks are set to echo the grim performance shown by Wall Street's big banks in fixed income, where revenues - which account for about half of total investment bank income - were down about 15 percent on average from a year ago.
10/27/2013
Deutsche Bank Profit Falls 94% as Trading Revenue Slumps
Investment banks saw a slowdown in fixed-income trading, a key portion of their earnings, as investors waited to see whether the Federal Reserve will begin reducing bond purchases.
10/25/2013
Businesses warn on bank ring-fence plans
The Lords will discuss the final stages of the plans next month, with the regulations expected to come into force in 2018 or 2019
10/23/2013
Asset management acquisition pays off for Handelsbanken
Challeger bank Handelsbanken saw a steady improvement in profits in the UK in the third quarter
10/23/2013
Credit Suisse Net Climbs 79%
Net income rose 79 percent to 454 million Swiss francs ($509 million) from a year earlier as an accounting charge related to the bank’s own debt wasn’t repeated, the Zurich-based bank said today.
10/23/2013
Barclays considers new pay plan to counter EU bonus cap
The bank may give senior staff an additional monthly cash sum on top of base pay