10/21/2016
'Pruning' - Top firm right-sizing investment banking
No large-scale job cuts are planned, but there will be some 'pruning'.
Investment Banking
10/21/2016
Macquarie closes its London oil and gas investment desk
A Macquarie spokeswoman declined to comment.
10/20/2016
Barclays CEO Jes Staley Upbeat on Turnaround Before Earnings
Expense reductions will help the core business hit management’s cost target of 13 billion pounds this year
10/19/2016
Deutsche Bank moves to quash rumors it’s quitting Wall Street
Warren also addressed fears of a vicious spiral revving up in which capital concerns would cause both talent and clients to abandon the bank
10/19/2016
'Never waste a good crisis' — Paris and Frankfurt are fighting to steal London's banking crown post-Brexit
Russian bank VTB has already said that it is moving its European headquarters out of London in response to Brexit
10/17/2016
Qatar said to halt future equity investment in troubled Deutsche Bank
Bank’s investors suffer as share price plummets on US investigation.
10/17/2016
Qatar said to halt future equity investment in troubled Deutsche Bank
The alleged withdrawal threatens to tip the German bank into an even deeper crisis
10/17/2016
Morale flags for staff at Deutsche Asset Management
Client retention is also an issue after five years of upheaval at the investment house
10/17/2016
Deutsche Bank considering changes to U.S. strategy
It is fighting the fine but could have to turn to investors for more money if it is imposed in full.
10/13/2016
Lloyds accused of 'death by a thousand cuts' as it axes 1,340 jobs
Unions criticise fresh round of redundancies as bank trims staff to make savings
10/13/2016
BNP Paribas to cut jobs, branches in Italy: sources
BNL would cut 700 jobs and close 100 branches under its new business plan to 2020
10/13/2016
Further blow to savers as Lloyds, TSB and Halifax slash interest rates
The news comes after Santander announced it was cutting the interest rate on its popular 123 account in August.
10/12/2016
Deutsche Bank shakes up investment bank to regain lost ground
The bank's share price has almost halved this year, prompting speculation that it could lose some of its top investment bankers.
10/12/2016
As Morgan Stanley, VTB and Citi make Brexit threats, boutiques are building in Frankfurt
Evercore and Houlihan Lokey established a German presence last year
10/12/2016
Deutsche Bank ranks No.1 in 2016 All-America Sales Team Survey
In Institutional Investor’s article, Bench pointed out that Deutsche Bank’s sales operation is attempting to communicate more effectively across its broader equity business.
10/12/2016
The City exodus is already happening. It just doesn’t look like you expect it to
The UK Government understood the importance of the City and was taking the bankers’ concerns on board
10/11/2016
Meet the junior bankers quitting banks like BAML for boutiques
The moves reflect boutiques’ willingness to capitalise upon disquiet at their larger competitors.
10/10/2016
Goldman Sachs could move 2,000 jobs out of the UK if there's a 'Hard Brexit'
Goldman Sachs continue to work through all possible implications of the Brexit vote
10/10/2016
Macquarie poised to buy UK’s Green Investment Bank for $6.5bn
The green lender will step up talks with the British government this week after months of negotiations with pension funds and sovereign wealth funds over the sale.
10/07/2016
Germany wins ECB collateral respite but debate far from over
The news that the ECB will take a lenient approach is a particular boon for the German Landesbanks.