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The world according to Goldman Sachs

Ahead of the Davos summit, Goldman Sachs president Gary Cohn talks to The Sunday Telegraph about the outlook for Europe, the US economy and whether 2012 holds any rays of hope.

BNP sells stake in Niger bank

The sale will enable Coris Bank International, a privately held Burkinabe bank, to become the largest shareholder in BIA-Niger, the West African nation's oldest financial institution, which began operations in 1944.

Royal Bank of Scotland to sell Middle East M&A business

Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring at the U.K. bank, its regional head said on Monday.

Barings to merge away Harte’s AR Global Bond trust

Dagmar Dvorak, co-manager of the Global Bond trust, has assumed responsibility for the fund during the consultation period.

SocGen investment bank cuts signal more pain ahead

The news that France's second-biggest lender is eyeing a "significant" fall in investment banking revenue for 2012 and has decided to exit or deeply cut several businesses is the latest dollop of pain for investment banks worldwide after bu

German bailout veteran adds to Merkel’s government alumni at ECB

A crisis troubleshooter for Merkel since the collapse of Lehman Brothers Holdings Inc. in 2008, Asmussen brings his experience in bailout politics to the European Central Bank.

Regulation fears kill off top lender's plans for JV

Arbuthnot announced plans in July for a JV through Secure Trust Bank (STB), its listed subsidiary in which it retains a 75 per cent stake, as well as an unnamed partner.

Banks being made riskier and Brits poorer, warns UBS

Pointing to bonds sold by Barclays and Lloyds Banking Group since the start of the year, the analysts said both banks had to pay a very high price to access the debt markets.

Emerging markets growth to weaken, says UBS

The Swiss investment bank still expects these countries to outperform industrialised nations but at a slower annualized real growth rate of 5% or less in the first half of 2012, compared with 7-8% at its peak and 5.5% last year, thanks to a moderation in

Major French bank sees 2011 profit drop despite profitable 4th quarter

Dividends and bonuses for 2011 will also be lower, he added.

RBS reportedly to merge investment banking, transactions

RBS spokesman Michael Strachan declined to comment on the report when Bloomberg called him today.

Revenues up but profits down at KPMG

Combined turnover increased 13% to €4.5bn (£3.7bn) for the year ended 30 September, compared to €4bn in 2010.

Banks brace for backlash as bonus season arrives

But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.

Hoare Govett Executives May Team Up With Oriel for RBS Buyout

A deal would allow RBS to save the costs of firing the unit’s 30 or so employees, said the people, who declined to be identified because the talks are private.

RBS Said to Hire Lazard to Advise on Sale of Hoare Govett Unit

Officials at Lazard and Edinburgh-based RBS declined to comment.

RBS Woos Investment Bank Buyers

People close to RBS tell me it has appointed Lazard, the investment bank, in recent days to handle an auction of swathes of its global banking and markets (GBM) division.

RBS plan puts 10,000 jobs at risk

The job cuts – combined with an expected £1bn-2bn of restructuring costs – are the worst-case scenario in plans being considered by Stephen Hester, RBS’s chief executive, who finally accepted in November that the investment bank th

StanChart sees early signs of EU banks deleveraging in Asia

The bank, which started life financing trade between Europe, Asia and Africa in 1853, expects its wholesale banking operations to drive future growth.

French banks 'cutting US staff'

A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.

Time for a British investment bank

First, some £40billion of ‘credit easing’ designed to get cheaper credit flowing to small and medium sized enterprises and, second, a boost for infrastructure spending to create jobs and investment in new capital projects.

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