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Goldman Sachs plans to use retail money to make Wall Street-style profits
NEW YORK (Reuters) - As Goldman Sachs has built its US consumer bank, it has established a team to put its deposits to work on Wall Street, a telling development about Goldman's ambitions for the...
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Deutsche Bank is losing its place at the top table of investment banking
European investment banks, particularly Deutsche Bank, are in trouble — and for the first time since the tail end of the financial crisis not a single European lender is in the top five global...
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CREDIT SUISSE CEO: 'Only a fool would try to make a five-year prediction in a...
European investment banks are struggling to make money in a world of zero interest rates and tougher rules on capital.And their livelihoods are set to get riskier.Tidjane Thiam, the CEO of Credit...
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Deutsche Bank is looking to raise about €5 billion
Deutsche Bank AG is in informal talks with securities firms to explore options including raising capital should mounting legal bills require it, Bloomberg reported on Thursday.Senior advisers at top...
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Goldman Sachs could move 2,000 jobs out of the UK if there's a 'Hard Brexit'
Goldman Sachs is preparing plans to move around 2,000 British jobs overseas if the UK loses its financial passporting rights after Brexit, according to the Sunday Times.The newspaper cites an unnamed...
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Credit Suisse made a small but surprising profit
Credit Suisse posted a small but unexpected profit as CEO Tidjane Thiam warned that geopolitical events would continue to stir up market volatility.The bank made a net income of CHF41 million (£34...
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The City is running out of post-Brexit options
The City is beginning to run out of options.While Brexit looks set to end its use of the so-called financial services passport to access European markets, the other option, known as equivalence, is...
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Deutsche Bank considers witholding bonus payouts to former CEOs
Deutsche Bank is considering witholding bonuses to former executives, including ex-Chief Executives Anshu Jain and Josef Ackermann, to compensate for the lender's poor financial performance.Reuters...
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M&A bankers were the highest paid in 2016 with an average £80,000 bonus
Bankers working in mergers and acquisitions got bigger bonuses than their peers in 2016, according to a survey by salary-benchmarking site Emolument.com.Mid-level M&A bankers earned a median bonus...
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A 20-person British firm that advises on huge deals made more than $105...
LONDON – Robey Warshaw, a Mayfair-based M&A advisory firm with around 20 employees, made $105 million (£85 million) in fees in 2016, according to figures from Dealogic.The firm, set up by former...
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Deutsche Bank shares are rocketing after announcing a $7.2 billion settlement...
Dec 23 (Reuters) - Deutsche Bank said it would pay $7.2 billion to the U.S. Department of Justice, related to its issuance and underwriting of residential mortgage-backed securities (RMBS) and other...
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The 3 London-based partners of a boutique M&A firm shared in a £36.6 million...
LONDON – The three partners of Robey Warshaw, a Mayfair-based M&A advisory firm, shared a profit pool of £36.6 million ($42.9 million), according to accounts filed on Tuesday.The firm brought in...
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Bankers are set for a lean bonus season due to Brexit and Trump anxiety
LONDON — Bankers' bonuses could be up to 10% lower this year as a result of fears about Brexit, President-elect Trump, and the Eurozone, according to reports.Jon Terry, who leads PwC’s global Financial...
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One of Deutsche Bank's top sales executives is leaving
One of Deutsche Bank's top sales executives is leaving.Jonny Potter, who had been global head of equity sales, is on his way out at the bank, according to people familiar with the situation.He was...
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William Hague is joining Citi to help the bank understand 'the forces shaping...
LONDON – Former UK Foreign Secretary William Hague is joining investment bank Citi as a senior advisor.The hire, first reported by Sky News, comes amid a turbulent time for geopolitics. Shocks from...
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Blockchain tech could save top investment banks $8 billion a year
LONDON – Blockchain technology could save leading investment banks up to $12 billion (£9.8 billion) a year in back office cost, according to a new analysis from consultancy Accenture and operations...
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Deloitte is launching a blockchain lab in Dublin
"Big Four" consultancy and accountancy firm Deloitte is launching a new "lab" in Dublin to pioneer new projects and solutions that use blockchain, the next-generation database technology first...
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Banks are watching your social media — here are 5 things to avoid if you want...
LONDON – If you've just had a big night out, you might want to think twice before posting the gory details on Facebook or Instagram.Especially if you want to work in finance.Banks and hedge funds are...
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Meet the 42-year-old investment banker whose sought-after photography comes...
DAVOS, Switzerland — Roksana Ciurysek-Gedir seemingly has it all at the age of 42.She is an investment banker holding one of the most sought-after and difficult qualifications to obtain (Chartered...
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An ex-Deutsche Bank MD who made $1 billion for clients built an app to teach...
LONDON — Kerim Derhalli likes to joke that he spent most of his career at banks that "have either gone bust, almost gone bust, or should have gone bust.""JPMorgan merged with Chase. Bankers Trust got...
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