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Commerzbank Nominates New Board Chairman Amid Turmoil at Top

Gottschalk is former supervisory board chairman of DZ Bank

Deutsche Bank chief Sewing prepared to give up investment bank role

The investment bank is the German lender’s main profit driver, but also represents risk for a bank that is deemed systematically important for the functioning on the global financial system.

Deutsche Bank first-quarter investment bank revenue up 20% so far

Campelli, speaking at a banking conference broadcast online, said that the rise in revenue in the investment bank was across business lines.

BNP Paribas to fully acquire Exane as it looks to take spot in European equities

Move to acquire the remaining 50% stake in Exane follows BNP Paribas’ major deal with Deutsche Bank to take on its electronic equities and prime brokerage clients.

HSBC Bosses Try to Quell Banker Anger Over Cuts to Bonuses

The executives told employees that the pandemic had eroded the bank’s overall performance and, combined with the stark economic backdrop, meant it couldn’t pay more, said the people, declining to be named detailing a private call.

Uncertainty as Citi, Barclays snipe unwanted employees

Barclays isn't the only bank judiciously trimming staff this week

Goldman Sachs wants interns in the office this summer as rivals stay virtual

Investment banks are starting to make calls on whether to bring thousands of graduate recruits into the office this year

SocGen to Cut Investment Bank Bonuses 20% After Trading Hit

The sweeping cuts cap a damaging year for Chief Executive Officer Frederic Oudea

BBVA, the world’s best investment bank for sustainable finance

Global Finance has named BBVA the best investment bank for sustainable finance in the world, a global recognition of its constant efforts to offer its clients a wide range of investment banking products and solutions, and accompany them in their transitio

UK banks face savings glut on road to pandemic recovery

Britain's big four banks amassed more than 200 billion pounds (US$277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses and households.

Barclays set to shed investment bank offices

Chief executive wants to welcome staff back to the office, but wants a tenant for its investment banking hub

HSBC to slash jobs at London equities trading division

The executives likely to move to new locations include Greg Guyett, co-head of global banking and markets, Nuno Matos, chief executive of wealth and personal banking, and Barry O’Byrne, chief executive of global commercial banking.

HSBC shrinks bonuses for London investment bankers by up to 20%

Managers at HSBC communicate bonuses to staff between 23-26 February. Many in London who have been told their number said there was some disappointment

Lloyds boosted by sharp fall in bad loan provisions

2020 was a challenging year for everyone, but across the UK we saw people and communities come together to support each other and adapt to a completely new way of life.

RBS International announces 2020 annual results

RBS International CEO Andrew McLaughlin (pictured) commented: “Colleagues across our six jurisdictions pulled out all the stops to support customers, each other and the community in an exceptional year.

Barclays bank profit tumbles 38p

The bonus pool for 2020 stood at around £1.6 billion, up six percent.

EBRD provides US$ 100 million loan to Turkey’s Denizbank

The EBRD’s new investment follows a record €893 million in financing to Turkish financial institutions in 2020 to support thousands of businesses across the country, providing the private sector with much-needed funds.

Barclays delivers dividend payout despite profits fall

Barclays warned that costs related to the pandemic will remain high throughout 2021, but that it expects loan loss charges to be “materially below” last year’s £4.8 billion hit.

Bankers mull quitting as Brexit and Covid stress means ‘much longer hours’

More than 40% of senior City executives are considering quitting finance, according to an FN survey

European Banks Use Pandemic to Clean House

Long resistant to change, Germany’s Commerzbank and others are slashing jobs, closing branches and forcing customers online

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