06/02/2014
Former RBS boss Fred Goodwin tried to pull out of catastrophic deal to buy ABN Amro at the last minute, according to a new book
The author claims that Goodwin decided on the need to back away from the deal after ABN Amro sold its US arm
Investment Banking
05/30/2014
Alvarez & Marsal Launches European Valuation Services Practice
Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to activate change and achieve results
05/30/2014
BRICS close to launching bank, to start lending in 2016
Nations will likely fund the $100 bn development effort equally
05/30/2014
European managers return with investment trust launch
The trust will invest predominantly in large companies
05/30/2014
Bank of Cyprus wins “Best Sub-Custodian Bank” award
Cyprus also acts as a Custodian for International Collective Investment Schemes
05/29/2014
Deutsche Bank braced for fines in forex probes
Deutsche Bank, Germany's largest bank and the world's second-largest foreign exchange trader, has suspended around half a dozen staff
05/29/2014
Invesco’s Barnett overhauls Edinburgh trust
Manager makes raft of changes including doubling exposure to financials as he takes control of £1.4bn trust
05/28/2014
Societe Generale Securities Services gets pension fund mandates in Serbia
SGSS provides European pension funds with a comprehensive service based on asset protection
05/28/2014
Deutsche Bank Debt Revenue Faces ECB Challenge, BofA Says
The company said this month that it will raise 8 billion euros ($10.9 billion) by selling shares
05/28/2014
UK income funds see record inflows as demand continues
UK equity income funds recorded their best month on record in April as the ongoing demand for income solutions saw them rake in hundreds of millions of pounds.
05/27/2014
Raiffeisen Bulgaria named “Best Investment Bank”
RBI's subsidiaries in Romania and Russia are "Best Foreign Bank" in their respective markets.
05/27/2014
Deutsche Bank awarded Investment Bank of the Year
Deutsche Bank was recognized for its role in Emirates Airline's US$750mn issuance with Best corporate bond in the Middle East award
05/26/2014
Ex-Goldman Partner’s Firm Says UBS Cuts Spoiled Partnership Plan
UBS has undertaken a “drastic downscaling and disposal of its investment banking arm
05/26/2014
Alex Brummer: Quaker-founded bank Barclays continues to live in sin
This was a disciplinary action that would cost Bob Diamond and the upper echelons at Barclays investment bank their jobs
05/26/2014
HSBC’s CEO rules out major changes to investment bank
Gulliver said the bank’s Global Banking and Markets (GBM) investment banking arm had grown its revenue in recent years
05/26/2014
ADCB Opens First International Representative Office In London
Abu Dhabi Commercial Bank is pleased to announce the opening of its first international representative office in London.
05/23/2014
WAY Fund Managers Limited Appoints Northern Trust as Depositary and Custodian
Under the terms of the agreement, Northern Trust will support two distinct fund ranges; WAY Fund Managers and Fund Partners.
05/23/2014
Deutsche Bank Vows to Remain a Top 5 Investment Bank
Only thanks to the blood donations of capital providers is Deutsche Bank able to pay bonuses and dividends
05/23/2014
French central bank chief says closely watching BNP's U.S. case
France's biggest bank warned last month it faced fines in excess of $1.1 billion over the matter, but declined to provide a specific number.
05/23/2014
Noyer Says BNP Paribas Didn't Break French, EU Rules -- Update
The possible large U.S. fine has alarmed French authorities but until now, officials have expressed those concerns privately.