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Nationwide confirms offer for Virgin Money

Nationwide’s board agreed that a binding offer to acquire Virgin Money was in the best interests of the society, and its present and future members.

Santander CIB named global leader in export finance for second year running

The bank’s global scale and local knowledge of the sectors and markets where its clients operate has enabled Santander CIB to stay ahead of its competitors in a year when transaction volumes soared.

Lloyds Bank backs new £62m community development fund

The fund is being managed by CDFI Social Investment Scotland (SIS), and along with the investment from Lloyds

Citigroup's surprise layoff suggests the perils of being promoted.

The extraction of Conor Davis, one of Citi's most senior salespeople, therefore looks like a surprise.

Ant Group beats Citadel Securities to secure Credit Suisse’s China unit

Ant Group beats Citadel to acquire the China division of Credit Suisse.

NatWest unveils highest yearly profit since 2007

Since NatWest, previously known as Royal Bank of Scotland, was bailed out in 2008, the government has been gradually reducing its shareholding in the bank. Shares have so far been sold to institutional investors and back to NatWest itself.

HSBC: Bank's pre-tax profits soar fuelled by high interest rates

HSBC's pre-tax profit for 2022 was $17.1bn and analysts were expecting it to jump to $34.1bn last year.

Barclays Paris hired a trader whose hedge fund foray was brief

Owen Coughlan, the former head of Euro Swaps trading at NatWest Markets has resurfaced at Barclays' Paris office as a euro rates trader.

Santander is still sweeping up ex-Credit Suisse people, and more

It’s in Madrid, of all places in the world – and Santander is mostly a retail bank, anyway.

Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses

Citi saw a 75 per cent drop in hiring – the largest proportion of the group – as it posted 956 openings last year compared to 3,865 in 2022.

Volksbank net profit rises 126% on income from interest rates

At the same time costs rose 23% due to an increase in staffing levels, pay rises and higher expenditure on anti-money laundering measures.

BBVA wins the IFR 2023 award for the Best European Bond for the issue that reopened the CoCo market

The publication underscored that the step taken by BBVA was ‘crucial’ to recovering confidence in this debt market.

UniCredit: 4Q23 and FY23 Group Results. Record 2023 results crowning three years of success and exceeding expectations

This implies a 100% total pay-out on the FY23 net profit.

Societe Generale to cuts 900 jobs in France

The plans, which entail approximately 900 job cuts, have been submitted for consultation with staff representative bodies.

European Investment Bank and ABN AMRO to make €500 million available to Dutch businesses

The financing will be used for new investments that meet the EIB criteria.

Société Générale and IFC seal a new agreement to accelerate sustainable finance

This partnership will draw on the complementary strengths of the two institutions.

M&A, the investment bank Rothschild & Co. becomes a leader in Europe again

For Rothschild, which the previous year was fourth in the rankings, the regaining of double leadership in Europe demonstrates that the group’s bankers

Tributes pour in for Deutsche Bank MD who died

Gil-Alberdi spent 24 years at Deutsche Bank.

Zühlke partners HSBC UK on mobile wealth management service

With customers impacted by rising inflation, a big focus for HSBC in the last two years has been helping more customers get started with investing.

Panmure Gordon merges with Liberum to create 'UK's largest investment bank'

Panmure Liberum

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