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ECB Raises Deutsche Bank Capital Bar in Leveraged Loan Crackdown

The firm already exceeds the requirement by a wide margin, with a ratio of 13.33% at the end of the third quarter.

UniCredit Signs Asset Management Accord With Azimut

Under the accord, whose financial terms were not disclosed, Azimut will set up in Ireland an asset manager of which UniCredit can acquire control in five years at the latest.

William Blair Continues European Expansion

William Blair’s investment banking expansion across Europe builds on the firm’s addition of six senior-level bankers covering multiple sectors in 2022.

London office values to fall by more than a third in as soon as two years, Citi analyst forecasts

Citi's real estate analyst team led by Aaron Guy said that "recessionary impacts on higher unemployment and continued work-from-home office shrinkage" will drive down office values in the U.K.'s capital by 38%.

Banks face final push to staff up EU hubs as ECB ramps up post-Brexit crackdown

Banks to be hit with final requirements in early 2023 with as little as a year to change their models

Atom Bank lands £30m funding to boost lending and fuel growth

Atom says that despite a “changing backdrop”, it has “continued to deliver a strong performance in 2022”.

Bundesbank warns of considerable risks to financial system

While banks still consider credit risks as “fairly low”, the institution said many assumptions made in the past when granting loans “are likely to prove to be overly optimistic”.

Deutsche Bank warns of peril in borrowing from U.S. banks

It comes at a time that the corporate banking unit of Germany’s largest lender is seeing a resurgence in the home stretch of an extensive restructuring.

Credit Suisse's Swiss investment bank to be spared in overhaul

Along with a 4 billion Swiss franc ($4.2 billion) capital raise and thousands of job cuts, Credit Suisse is planning to scale back its scandal-hit investment bank in a shift towards banking for the wealthy.

Deutsche Bank ESG goals slowed by war, inflation

Financing for green initiatives totaled US$410 billion so far this year, a 16 percent decrease from the same period last year, amid geopolitical uncertainty and faster inflation.

Investment bank slump hits salaries

The average salary per employee has fallen to $360,000 from $746,000 at the same time in 2021.

ABN AMRO reports net profit of EUR 743 million in third quarter of 2022

Net interest income (NII) has bottomed out as deposit margins are benefiting from higher interest rates

JPMorgan’s investment bank boss: Deal slump is a chance to find senior talent

Rivals are cutting back, but Vis Raghavan says there's a

JPMorgan and Goldman Sachs in battle for British customer deposits

UK high street banks are fighting back against the Wall Street giants

Goldman to fold major business units into three main divisions in sweeping reorganisation

The reorganisation could be announced within days, people familiar with the matter said

Deutsche Bank will start serious hiring in 2023. The companies that are poaching from Goldman Sachs

Having been understaffed in the 2021 boom, Deutsche has added coverage bankers, and used the less hectic market conditions to re-engage with clients and rebuild the franchise.

BNP Paribas to buy currency risk management firm Kantox

Kantox offers corporates a one-stop-shop, API driven, plug-and-play solution for setting up hedging strategies.

EBRD moves London headquarters to Canary Wharf

In addition to its London base, the EBRD has more than 50 offices in the economies where it operates as well as representative offices in Brussels and Tokyo.

GIB AM launches sustainable fixed income fund

The strategy aims to invest in companies targeting social and environmental issues and will be made available via Amundi’s Ucits offering,

Saxo Bank Q4 Outlook: Winter is coming

This view still holds, but three factors will lead to the inflationary breaking point.

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