06/13/2018
Senior investment bankers dumped as 2018 turns sour
Action is now needed
Investment Banking
06/12/2018
Citigroup warns banking jobs could be replaced by machines
It was a view supported by comments by Barclays investment bank boss Tim Throsby.
06/12/2018
HSBC Malta appears safe as group CEO puts bank in 'growth mode'
No mention of smaller operations as John Flint lays out strategy to 2020
06/08/2018
Bank of America raises planned Paris job moves before Brexit
Bank of America's Chief Operating Officer Tom Montag said in November that about 200 people in sales and trading would move to the European Union and to Paris in particular.
06/08/2018
Natixis to close commodity trade finance desks in Geneva and Dubai
Natixis will refocus its Energy & Natural Resources EMEA CTF activities in Paris on mid-and-large size Commodity Trade Finance clients. These adjustments will have a marginal impact on its activities
06/07/2018
Deutsche Bank close to completing investment banking cuts
German bank's finance chief struck an upbeat tone on the future of the institution at a conference in Frankfurt
06/07/2018
JPMorgan sees a busy season for London IPOs out of Africa
JPMorgan has seen interest from at least six companies considering dual listings
06/06/2018
Clock ticking on new RBS stake sale
It has been nearly a decade since the bank’s £45.5 billion state bailout during the global financial crisis.
06/05/2018
Societe Generale settles Libor and Libya investigations as analysts cast doubts on potential for Unicredit tie-up
On the Libyan front SocGen last year paid €963m to the Libyan Investment Authority, which had accused it of corruption.
06/05/2018
Nomura Readies Brexit Move
The German entity Nomura Financial Products Europe GmbH, will be staffed by personnel from London and local hires.
06/05/2018
Deutsche Bank cuts SA units as part of global review
The move comes after Europe’s largest lender reported two straight annual losses in 2016 and 2017.
06/04/2018
Italy's UniCredit exploring merger with French rival SocGen - FT
Although no formal approach has been made, SocGen directors have also been exploring the possibility of a combination, according to the newspaper.
06/04/2018
Goldman Sachs joins race for £109bn Lloyds funds contract
Goldman Sachs Asset Management is vying with rivals to replace Standard Life Aberdeen as the assets' manager, Sky News learns.
06/01/2018
HSBC loses senior European deal-makers as M&A ranking drops: sources
They also highlight the difficulties European banks face in catching up with Wall Street rivals, whose dominance in investment banking league tables has increased.
06/01/2018
Scotiabank buys doctors’ wealth management firm for nearly $2.6B
The proposed $2.585-billion, all-cash purchase of MD Financial Management is expected to close in the fiscal fourth quarter of 2018
06/01/2018
ICICI Bank denies media report on sending its CEO on leave
The Mint daily earlier reported here that Kochhar has been asked to be on leave until a probe is over.
05/31/2018
Nordic banks to explore common KYC joint venture
In recent years, compliance with requirements for processing customer data has become a critical component in fighting financial crime.
05/30/2018
Deutsche bank says Moscow restructuring done, no plans for new staff cuts
Borislav Ivanov was appointed Deutsche Bank’s Chief Country Officer for Russia in June last year, taking over from Annett Viehweg who left the bank after overseeing the Moscow operation’s restructuring.
05/30/2018
French Banking Giant Is Looking Like ‘the JPMorgan of Europe’
Low-drama BNP Paribas is making a big push abroad as its rivals struggle to rebound.
05/25/2018
Staying Connected
It is a node in a global network that spins data, information, and capital instantaneously across the planet.