03/11/2022
Two U.S. Banks Exit Russia
Credit Suisse, which has 125 employees in wealth management and investment banking, and UBS with its workforce of 50 people in Russia, have not made statements in this regard so far.
Investment Banking
03/09/2022
EBRD unveils €2 billion resilience package in response to the war on Ukraine
Women, children and the elderly make up the majority of displaced citizens, and municipal authorities face huge challenges in managing the influx of people.
03/07/2022
Credit Agricole Says Russia, Ukraine Exposure Is Limited, Backs Dividend Plans
The commercial lending commitments for Russia as of 31 December 2021 amount to approximately 0.45% of Crédit Agricole S.A.’s commercial lending portfolio
03/03/2022
SocGen fears confiscation of Russia assets as banks prepare for worst
Italy's biggest bank Intesa Sanpaolo, meanwhile, is conducting a strategic review of its presence in Russia following Moscow's invasion of Ukraine, a spokesperson said.
03/01/2022
Danske Bank tests quantum communication for data transfer
This means it can be used in the bank’s network, offering a path for future data security and the race against cyber criminals, says a statement.
02/25/2022
EIB and Banco Montepio Group to support companies with €414 million
The agreement is supported by the European Guarantee Fund, part of the €540 billion package of EU measures deployed in response to the economic impact caused by COVID-19.
02/25/2022
EBRD invests €8.7 million in Qair’s inaugural green bond issue to support solar and wind projects
Qair has pledged to invest at least twice the EBRD’s proceeds, into greenfield solar and wind projects in EBRD countries of operation in the next 36 months.
02/23/2022
Oaktree hires Morgan Stanley to find investor in Italy's Banca Progetto
Oaktree has since worked to relaunch Progetto by turning its lending business digital and is now looking for bids valuing the bank at ten to more than 12 times its 2021 profit of 41 million euros, the sources said.
02/16/2022
EBRD backs digital platform to boost private-sector investment in Tunisia
As the pandemic intensified, investment agencies in various countries turned to digital tools to promote their services more successfully.
02/15/2022
Intesa Sanpaolo Invests £40 Million into Thought Machine and Selects Vault to Power New Digital Banking Platform
Intesa Sanpaolo has selected Thought Machine’s core banking engine
02/10/2022
Agricole beats profit target a year early
Prudent provisioning of performing loans maintained against a backdrop of macro uncertainties.
02/10/2022
Exclusive Financial Advisor to BDB on its sale to Brown & Brown
This follows Oppenheimer advising Agora Syndicate on the completed sale to IQUW, owned by Aquiline and Abry Partners.
02/09/2022
ABN Amro Profit Tops Estimates
We have resumed dividend payments and announced an inaugural share buyback programme as we are committed to returning capital to our shareholders.
02/04/2022
Banks expect ECB rate at 0% by year-end after hawkish turn
The updated calls brought banks somewhat more in line with market pricing.
02/03/2022
Nordea expects higher 2022 costs but better profitability
The Helsinki-based bank is now aiming for a return on equity above 13% for 2025
01/31/2022
Equity research recovers from MiFID — but isn’t out of danger yet
Headcount is rising again, but a market downturn could quickly stop the recovery
01/26/2022
Citi plans £100m revamp of Canary Wharf tower
Three-year project described as vote of confidence in the City of London and the future of the office
01/26/2022
Deutsche Bank Weighs 15% Increase to Bonus Pool Amid Talent War
German lender’s bonus pool set to be highest in four years
01/25/2022
Deutsche Bank expected to break profit run in fourth quarter
Analysts are forecasting full-year net profits for 2022 and 2023
01/25/2022
Citi ties more banker bonuses to longer-term risk taking
More senior bankers are getting paid most of their bonus in deferred stock