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Freedom to buy investment bank Maxim Group in $400m deal

Freedom’s US CEO Robert Wotczak will become executive chairman of Maxim Group and its subsidiaries, while Maxim Group president Clifford Teller will be elevated to the role of CEO.

Deutsche Bank cuts ties with Brown Thomas co-owner René Benko

Developer named by prosecutors last year as a suspect in long-running corruption investigation

BNP Paribas posts record profit of 10.2bn euros

Net banking income — what a bank earns from interest on loans minus interest paid depositors — rose nine percent to 50.4 billion euros.

Top bankers could lose lucrative payouts in bonus cap overhaul

Removing roles-based allowances could help banks keep a lid on costs as deals dry up

Financial statements for six months ended 31/12/22 approved

Price sensitive

Banca Generali, profit down in 2022; there's dividend

Regarding the drop in profit, the company explains that 2021, had benefited from the extraordinary effects of extremely favorable financial markets.

Credit Suisse cuts 35 London dealmakers in latest layoffs

Axe falls on UK staff as the Swiss lender gears up for another rough set of results

Societe Generale : 4TH Quarter and Full -Year 2022 Results

Strong improvement in the cost to income ratio to 61.0%(1) (vs. 64.4%(1) in 2021), excluding contribution to the Single Resolution Fund

CaixaBank posts a profit of €3.15 billion in 2022, up 29.7% on a like-for-like basis, driven by commercial strength and integration synergies

During 2022, year of the merger process completion, CaixaBank has been able to maintain a strong commercial pace despite the climate of uncertainty caused by the Ukraine invasion, and to meet its financial and business objectives.

Barclays, Venkat and the ghost of Edward Bramson

Bank seeks to turn around investor concerns that have driven down its valuation

Sabadell posts earnings of 859 million euros and increases its payout ratio to 50%

TSB’s individual net profit amounted to 102 million pounds, while the positive contribution to Banco Sabadell Group amounted to 87 million euros.

City of London job-seekers slumped by 23% as banks started cuts

Latest Morgan McKinley data suggests the hiring market in finance could be slowing

Deutsche Bank investment banking bonus pool down less than 10pc

The decline in bonuses reflects an industry-wide trend, with other big investment banking names cutting back on payouts.

City of London job-seekers slumped by 23% as banks started cuts

Latest Morgan McKinley data suggests the hiring market in finance could be slowing

Citi investment banking decline sees profits drop despite trading boom

A slump in the bank’s investment banking division saw its profits drop 22% despite a strong quarter for its trading business.

Scottish National Investment Bank puts £5.2m into diagnosis firm

The investment from the state-backed development bank has underpinned a funding package totalling £7.5m in PneumoWave, which will use the backing to continue clinical trials of its biosensor technology that monitors potentially fatal respiratory cha

BofA downgrades UK asset managers over recession risks and weak flows

Schroders and Ninety One

Deutsche Bank's big Barclays hire a warning to banks cutting bonuses

With Goldman Sachs allegedly planning cuts of up to 30% to bonuses in its markets business, Deutsche Bank's swoop on Atluri is a timely reminder that hedge funds aren't the only ones interested in banks' sales and trading talent.

Goldman Sachs to start cutting thousands of jobs midweek

Wall Street banks have suffered a major slowdown in corporate dealmaking activity as a result of volatile global financial markets.

Bank borrowing less attractive than since financial crisis, say major UK firms

Deloitte’s survey of chief financial officers found credit has become more expensive than at any time since the 2008 crash.

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