08/23/2019
SocGen Considering Options for $167 Billion Asset Manager Lyxor
French bank considering unit sale, merger amid competition
Investment Banking
08/23/2019
Deutsche Bank to transfer up to 800 staff to BNP Paribas
French lender to assume control of Deutsche’s prime brokerage unit that services hedge funds
08/22/2019
Suspension for investment bank Berenberg from advising companies that want to float on the UK market
The sponsors must be experts on Britain’s trading regime, as they are responsible for assuring the FCA that a market-listed firm has met its obligations.
08/21/2019
NatWest and RBS customers hit by credit card glitch
Outage comes as many people prepare to pay monthly bills
08/20/2019
Humbled Deutsche Bank faces battle in its own backyard
The company, whose revenue has grown to 5 billion euros ($5.6 billion) in the 11 years since it was founded, wants to continue to spread its risk by leaving its cash with a wide range of institutions, sometimes for a fee.
08/20/2019
Barclays Launches £100K SME Loans
Every day we talk to thousands of SMEs about how we can support them to grow their business
08/20/2019
Deutsche Bank invests a further €14.6mn in its Romanian technology centre
DB Global Technology produces financial applications for the bank's global platform.
08/16/2019
Banking: Europe leads in the category job cuts
Nowhere else but in Europe will this reduction be accelerated.
08/15/2019
Net profit down nearly a third at Dutch lender Rabobank
At the current level impairment charges are trending upward towards the long-term average.”
08/14/2019
Analyst to MD: How pay and bonuses compare at US and European banks
New figures underscore the growing dominance of US institutions in Europe
08/13/2019
For today’s investment bankers, job cuts are a one-way street
Those let go by HSBC, Barclays and Deutsche may not find a route back
08/09/2019
UBS Mulls Investment Bank Overhaul, Hundreds of Jobs at Risk
UBS is seeking to boost collaboration between dealmakers and the wealth management unit, while sharpening a focus on industries most of interest to its richest clients.
08/08/2019
Saxo Bank Completes Takeover Deal of Dutch Lender BinckBank
The two companies said they start working on the integration of their technology infrastructure and delisting BinckBank shares.
08/08/2019
Nomura’s London pay pain revealed
Nomura has already set about remedying its persistent international losses
08/05/2019
MUFG concludes First State Investments purchase in $2.7bn deal
Mitsubishi UFJ Trust and Banking president and CEO Mikio Ikegaya said: “We are committed to supporting FSI’s strategy of delivering high-quality investment capabilities and establishing and maintaining strong client relationships.
08/02/2019
Santander joins mortgage switching platform
Customers looking to move their mortgage to Santander from a different lender can do so by remortgaging using the new platform.
08/02/2019
Barclays beats Wall Street rivals with best profits in a decade
Total revenues were steady at £10.8 billion but there was a worrying rise in bad debts, up from £571 million to £928 million in what could be a sign of pre-Brexit weakness in the UK.
08/02/2019
HSBC UK set to shift more jobs from London to Paris amid planned cuts
A hiring freeze and the support sessions are the pieces of the jigsaw the bank
08/01/2019
Societe Generale second-quarter profit beats expectations but down 14% on restructuring costs
Philippe Heim, deputy CEO of the bank, told CNBC that it was a “solid quarter” despite some “heavy headwinds”.
08/01/2019
SocGen's Q2 net profits dragged down by restructuring costs
Only a few months after it was announced, Global Banking & Investor Solutions’ adaptation plan has entered the execution phase.