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Credit Suisse’s New Boss Should Scare Investment Bankers

Horta-Osorio wants to rehabilitate the firm’s battered reputation but that may require only a few adjustments to reality. Just look at Deutsche Bank.

Credit Suisse’s New Chairman Sends Chill Through Investment Bank

Known for reviving Lloyds after the British lender took a bailout, Horta-Osorio has brought a direct manner to Credit Suisse that’s earned him both criticism and admiration after his first few months in charge

SocGen’s Top Trader Leaves in CEO’s Pivot Away From Markets

Oudea said last month that he plans to rely less on trading following losses last year from complex derivatives that didn’t perform as expected when the pandemic upended markets.

Lloyds Bank sets up management firm to handle apartments to let

Lloyds, which also operates the UK's biggest mortgage lender - the Halifax - is reported to be keen to use its low funding costs, brand recognition and knowledge of the housing market to become a major operator in the private landlord market.

Banks Risk Losing ‘Cash Cow’ on $1 Trillion EU Bond Sale Ban

The move has the potential to reshape debt league tables for the region, hand hefty fees to smaller competitors and even weigh on bankers’ bonuses.

Ireland’s new biggest bank: How Barclays rose to the top

Top 1000: UK bank may now be the top dog in Irish banking - but for how long?

Wall Streeters outpace Europeans back to office

Sidewalk-pounding bankers working at Wall Street firms might win more facetime with clients, and an even greater share of deals.

Deutsche tells US bankers they must be back in office by September 6

German lender joins European peers in taking more gradual approach than Wall Street rivals

Deutsche Bank to relocate 100 bankers from London

Company accelerates overhaul of corporate bank after Brexit

City bigwigs flock back to Europe as Covid speeds up Brexodus

The number of senior European bankers at major banks in London has plunged by almost a third since 2016, according to analysis by Financial News

Orcel wields axe at Italy's UniCredit in opening act as CEO

UniCredit is struggling with profitability after Mustier, a veteran French banker, focused on repairing its balance sheet and replenishing capital reserves, while failing to land a mooted cross-border merger.

SocGen to expand corporate banking after steep trading losses

The markets business, SocGen's one-time powerhouse, plunged the bank into its first annual loss in more than three decades after derivatives linked to dividends blew up at the onset of the pandemic.

Group Medium-Term Strategy for Global Banking and Investor Solutions

Société Générale also intends to increase its ESG commitments

UBS to pay analysts a $40k promotion bonus as junior talent war increases

The bonus is double some of its investment bank rivals

US and Europe split on bringing bankers back to the office

Transatlantic rift opens over speed at which employees should return to their desks

France's SocGen seeks to boost investment bank returns

The French bank said it targeted a return on normative equity of over 10% in its global banking and investors solutions businesses from 2023, up from 7% now.

Credit Agricole Profit Rises on Provisions, Strong Trading

Credit Agricole shares rose as much as 1.3% in early Paris trading on Friday and were trading 0.6% higher as of 9:17 a.m. local time.

Trading rebound boosts earnings at France's SocGen

"The equity businesses enjoyed their best quarter since 2015," SocGen said in a statement.

Societe Generale cites ‘remarkable’ equity trading activity as it smashes expectations in the first quarter

Analysts were expecting a net income of 204 million euros.

Goldman Sachs buys stake in Nordic IT company

Goldman Sachs has invested in Advania alongside Advania’s management, VIA equity, which first invested in the company in 2018, as well as various existing investors of the company.

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