04/04/2018
Higher funding costs flash amber for financials
Libor-OIS spread has climbed more than 30 basis points since January
Investment Banking
04/03/2018
BNP Paribas and Janus Henderson complete transaction
Claudine Gallagher, head of the Americas for BNP Paribas Securities Services, said: “We have a long-standing relationship with Janus Henderson and are pleased to further this partnership.”
04/02/2018
Deutsche AM overhauls multi-asset fund as ESG strategy
The fund applies negative screening strategy as well as investing in those companies that proved to be the best in class and take ESG aspects in consideration.
04/02/2018
Deutsche Bank’s troubles are more than personal
The bank is not providing leadership for Europe’s capital markets
03/29/2018
Top firm said considering more investment banking job cuts
Senior executives plan to complete the review, dubbed “Project Colombo
03/28/2018
Cyberattacks Now Priced Into Debt at Biggest Bank in Scandinavia
Nordea is designing corporate products to reflect cyber risks
03/27/2018
Nordea Is Hit by Record Mortgage Client Defections in Sweden
Nordea has been losing clients since September, when it unveiled a plan to move its headquarters to Finland from Sweden in pursuit of a more hospitable regulatory climate inside Europe’s banking union.
03/26/2018
UBS Eyes Small Deals as Ermotti Sees Bank Consolidation in 2018
Bloomberg News reported this month that UBS is seeking to buy wealth management assets more aggressively after gaining greater clarity from global regulators on how much capital the bank will need over coming years.
03/26/2018
British finance firm MarketInvoice wins bank funds
MarketInvoice lends investors’ money to UK businesses, with unpaid invoices often acting as collateral.
03/26/2018
Top exec calls Deutsche Bank ‘dysfunctional’
Top executive Kim Hammonds reportedly said Deutsche Bank is the “most dysfunctional” company she has ever worked for. The criticism comes as the floundering financial giant faces immense pressure to perform.
03/22/2018
Barclays CEO ‘still waiting’ to hear new investor’s views
Staley says bank will return more cash to shareholders as soon as legacy misconduct issues are resolved
03/22/2018
Morgan Stanley to hire 80 in Paris after Brexit: source
Its move to transfer some staff there follows a similar pattern to other banks which have picked one EU center to be their main regional subsidiary in the bloc, but then locating other parts of their businesses in several countries.
03/21/2018
Meet the Rising Stars of Investment Banking 2018
FN presents the 25 men and women under the age of 40 standing out in the European investment banking industry
03/21/2018
Royal Bank of Scotland is considering Amsterdam as post-Brexit European HQ: FD
RBS needs a post-Brexit European base in order to continue offering its financial services, so-called passport rights, in continental Europe.
03/21/2018
ABN Amro picks SIA for instant payments access
Thanks to SIAnet, the fiber optic network with high speed and low latency stretching over 170,000 kilometers, ABN AMRO was one of the early users to introduce instant payments.
03/21/2018
Bank of Russia to trim its key rate in March - Rabobank
With inflation at a record low and unlikely to accelerate sharply in the coming months
03/20/2018
SocGen Earmarks €1B To Handle US Probes Into Libor, Libya
The French bank said in a regulatory statement that it earmarked the funds to deal with investigations by the U.S. Department of Justice and the Commodity Futures Trading Commission.
03/18/2018
Berenberg unfazed by new European rules on equity research
German private bank boasts one of the largest equity research operations
03/16/2018
Barclays investors give CEO Staley year to fix investment bank
Staley, feted for his achievements at U.S. powerhouse JPMorgan <JPM.N>, pledged to revive Barclays' tired investment banking franchise as soon as he joined the bank in 2015, ending years of under-investment in the wake of the financial crisis.
03/16/2018
Nordea confirms re-location to Finland
The stability, he estimated, will only be increased by the 55-billion-euro common fiscal backstop to be established within the European Union by 2023 and by the banking union advocated by Finland.