09/01/2016
Less working class children getting the best investment banking jobs
In private equity, seven in 10 new hires over the past three years went to non-state schools.
Investment Banking
08/31/2016
Credit Suisse chairman calls for time to complete turnaround
If multiple banks would join up, the resulting IT infrastructure organization could be sold in an IPO on the stock exchange.
08/31/2016
Barclays sells its Italian banking business to Mediobanca
The move is part of Barclay's strategy of focusing on its core UK and US banking operations by closing its hinterland businesses.
08/31/2016
Goodbody plots UK assault with new investment banking unit
A spokesman for Goodbody confirmed the contents of the email.
08/31/2016
Commerzbank, Deutsche Bank Shares Rise on Report of Potential Merger
Deutsche Bank CEO Cryan says a transaction is "probably not an option" for now, while stating that European banks must tie up.
08/31/2016
John Cryan's Five-Point Plan for Europe's Banks
Deutsche Bank is struggling with perilously low capital and a too-bulky and risky investment bank – similar problems facing Switzerland's Credit Suisse.
08/30/2016
Wall Street Giant Morgan Stanley Ditches European Buyouts
The Wall Street investment bank let go a number of its London-based executives last week, Sky News understands.
08/30/2016
Poland wants to steal Britain’s place at the heart of European finance
He is also reportedly meeting executives from investment funds, including Blackrock, Pimco, and Schroders.
08/30/2016
Co-op Bank closure remains on cards in review
Only this month Niall Booker, chief executive of the bank, said that the Co-op would…
08/29/2016
Romania wants to become member of the Asian Infrastructure Investment Bank
The bank is focusing on financing projects in power, transportation, and urban infrastructure in Asia.
08/29/2016
Deutsche Bank Sells Argentine Unit as Part of Overhaul Drive
The deal is expected to be closed in first half of 2017.
08/29/2016
Ameriabank receives STP Award 2015 for Quality Excellence from Germany’s Commerzbank
The German bank singles out its best partners across the world every year for this award. Quality and quantity of partner banks’ international transactions are taken into consideration.
08/26/2016
UBS trimming headcount in Paris by 15 jobs -source
The bank has restructured in recent years in France, including about 40 reductions in asset management last year.
08/25/2016
BNP backs role of sub-custodians
BNP Paribas has stressed the importance of the local expertise that a sub-custodian provides.
08/25/2016
FTSE-100 mining giant dumps City adviser
Rio Tinto has ditched Credit Suisse after being angered by work undertaken by the bank for rival miner Glencore, Sky News learns.
08/23/2016
Banks begin moving some operations out of Britain
ECB official warns on loss of EU ‘passporting’ rights for UK financial services
08/22/2016
European Investment Banks’ Opaque Assets Fuel Capital Concerns
If there were to be a significant mistake or miscalculation where they have got the valuations wrong, that could be problematic.
08/18/2016
Egypt's finance ministry names 4 banks to issue $3 bln eurobonds
In early August, Egypt's cabinet approved plans for an international bond issuance of between $3 billion and $5 billion.
08/18/2016
A Call for Modesty in Executive Pay
A top executive at Deutsche Bank has proposed cutting executive bonuses, in response to the bank's poor performance and its elimination of dividends. CEO John Cryan also says dividends will not be paid in the coming year.
08/17/2016
ABN Amro’s Second-Quarter Profit Drops on Legal Provisions
Europe’s largest banks have reported a drop in second-quarter earnings, hurt by volatile markets and record-low interest rates.