09/18/2012
Standard Chartered says wholesale banking profits to double
Standard Chartered has forecast a doubling in profits from its investment banking arm to more than $10bn within the next five years.
Investment Banking
09/18/2012
UBS Is Said to Plan About 90 Investment-Bank Job Cuts in Europe
UBS AG, Switzerland’s biggest bank, plans to cut about 80 to 90 jobs in its European investment- banking division as part of a global revamp, according to two people familiar with the matter.
09/18/2012
Citi execs rule out further cuts to securities and banking
He added, in a report published last Friday, that headcount at the unit had decreased since the financial crisis.
09/18/2012
Bankers 'motivated by short-term performance'
A survey of top investment bankers has found that "short-term performance" is their priority.
09/17/2012
Top Chinese bank targets Europe
He did say, however, banks in the United Kingdom, Germany and France were the most attractive.
09/16/2012
UBS CEO: No plans to spin off investment bank
UBS could be better positioned in Latin America, but it is doing very well in Asia.
09/16/2012
Deutsche to trim Mideast investment banking staff: sources
Deutsche is cutting about a quarter of its total Dubai investment banking team.
09/12/2012
Credit Agricole CFO sees Emporiki sale in weeks
Credit Agricole expects the sale of its crisis-scarred Greek bank Emporiki to be signed within "weeks"
09/11/2012
Bank of London and the Middle East trebles fee income
Total assets up 13% owing to a significant increase in Leasing, Property and Trade Finance business.
09/10/2012
BNP Paribas seeks growth beyond euro zone
Analysts keen for growth strategy after retrenchment
09/10/2012
Banca Generali posts strong inflows as parent company reshuffles top management
Inflows referred mainly to funds and SICAVs, with €78m compared to €35m in July.
09/06/2012
French, Chinese banks announce SME investment alliance
Zhang Xuguang, chairman of the China Development Bank Capital, meanwhile stressed that the bank is "confident about the growth potential of French companies despite the economic context".
09/06/2012
UK tells banks to cut exposure to euro breakup risk
This "redenomination risk" is evident at Santander UK, Royal Bank of Scotland and Barclays, although much of it has been hedged, according to data published by the banks in response to the regulator's demands.
09/05/2012
Societe Generale CEO- universal banks safest kind
Regulators have called for the introduction of rules along the lines of the U.S. "Glass-Steagall" law
09/05/2012
Spanish Banks are in BIG Trouble
This is as serious as it gets. With Europe it’s easy to get complacent. We’re all a little desensitised to the European problem.
09/03/2012
Fortune Global 500: BNP Paribas among the top-ranked banks
US business magazine Fortune published in July its 2012 'Global 500' list, which ranks the world's largest corporations by revenue.
09/02/2012
Rabobank may succeed at getting one buyer for all investment units
Investment bankers say bids for Robeco are due by mid-September and a deal could be reached as early as October. Representatives for Rabobank and Robeco declined to comment.
08/28/2012
German Landesbanken cuts down on overseas exposure
In the first six month of the current fiscal, Landesbank Baden-Württemberg and BayernLB have slashed their overseas exposure in North America, while reducing their non-domestic commitments in Western Europe, including in so-called "peripheral&am
08/28/2012
Demerger of Biverbanca's stake in Bank of Italy gets go-ahead
The transaction involves assigning the stake held by the Piedmont-based institution in the share capital of Banca d’Italia in favour of current Biverbanca shareholders before the sale to CR Asti takes effect.
08/28/2012
RZB reports Profit before tax rose 6.2 per cent
Balance sheet total increased 4.8 per cent to € 157.2 billion