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Investment bank lifts Deutsche to surprise third-quarter profit

“We see our revenue growth in the investment bank as much more than just market driven,” Chief Executive Officer Christian Sewing told analysts.

Bundesbank keeps faith in German economy, property market

“From today’s standpoint, the German economy could be extending its recovery in the current quarter, albeit at a noticeably lower pace.”

France broadens retail investor access to private equity

State-backed bank BPI launches innovative fund amid debate over suitability of illiquid strategies for general public

Crédit Agricole Assurances and Europ Assistance Sign Strategic Partnership

For Crédit Agricole Assurances the aim is to expand its services offer.

Balyasny Asset Management still busy hiring junior bankers

In New York, hires this year include Tony Mocarski, a former junior banker from Goldman's healthcare team. Mocarski joined the long/short equities desk in New York, covering healthcare.

Deutsche Bank ‘in talks to sell IT unit’ as cost-cutting continues

Deutsche Bank is reportedly in talks to sell a IT services unit to Tata Consulting Services (TCS), one of Asia’s biggest software exporters, as the lender continues a cost-cutting programme.

Handelsbanken net profit hit by restructuring costs

Costs are well under control.

Goldman Sachs sends some London staff home following positive tests for COVID-19

Goldman Sachs is one of several banks that has encouraged groups of employees back into its London offices.

EIB joins force with Santander to support Spanish SMEs affected by COVID-19

The EIB will subscribe €193 million from Banco Santander's securitisation, with the latter committing to offer financing on favourable terms to the SMEs affected by the pandemic.

Jes Staley set ‘to stay on at Barclays for two more years’

Staley has the support of Barclays’ board to stay on for another two years, according to the Telegraph.

Deutsche Bank overhauls business banking operations

The bank regards business clients as a strategic growth segment within the group.

Intesa Sanpaolo S p A : provides additional credit for SMES through a new EIB guaranteed securitisation

The new loans may also be granted in combination with the government decree measures issued to address the pandemic emergency with guarantees from the Central Fund and Sace.

Nearly four-fifths of European banks say coronavirus has changed their business ‘forever’

Vast majority of executives say pandemic has accelerated their modernisation from years to months

JPMorgan, HSBC among banks telling Paris staff to stay home after virus spike in France

Banks' plans to bring more employees back to the office are being halted after the French government said that remote working must be prioritised 'now more than ever'

Sanford C Bernstein selects BNP Paribas as settlement provider

BNP Paribas Securities Services stood out for the level of connectivity they provide across multiple markets.

Danske Bank to cut 1,600 jobs to reduce costs

The bank, which has lived with eight years of negative rates in its home market of Denmark, is under growing political pressure to improve its business as the regulator and parliament lose patience with the string of scandals.

Barclays partners with Propel to provide 1m SMEs with speedy access to asset finance

The collaboration is the latest in a series of strategic Fintech partnerships announced by Barclays over the last few years, with MarketFinance and Nimbla offering invoice financing and insurance products to thousands of Barclays Business Banking clients.

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