Christian Sewing has been a member of the bank’s management board since 2015; he was responsible for overseeing its private and commercial bank division, which includes the Postbank retail banking unit. In a significant development, Deutsche Bank, Germany’s biggest lender,… Read More ›
Members of Goldman Sach’s derivatives and debt capital markets teams, working on German accounts, have been told to relocate to its offices in Frankfurt. According to two sources with knowledge of the matter, Goldman Sachs has put more than 2… Read More ›
Allegations of widespread wrong-doings have plagued Australia’s finance sector since many years, adding pressure on the industry to undergo a thorough root-and branch reform. On Monday, the head of the government-backed inquiry which is delving into Australia’s finance sector to… Read More ›
Despite Jean Lemierre choosing to keep his cards close to his chest, media reports points to a potential merger which could be the choice to safeguard against a potential takeover bid. On Friday, Jean Lemierre, BNP Paribas’ chairman chose to… Read More ›
The move underscores the trend among banks to lure and retain top talent who may not have been privy to Ivy League education. As per a senior Goldman executive, the Goldman Sachs Group plans on using a “personality test” as… Read More ›
Keith Noreika, a banking lawyer at Simpson Thacher & Bartlett LLP, is being considered as an acting comptroller. The Wall Street Journal has reported that the Trump administration plans on replacing Thomas Curry as the Comptroller of the Currency. Although… Read More ›
Larry Fink sees the waters in the asset management scene as choppy in the short run. Larry Fink, the CEO of the BlackRock Inc, the world’s largest asset manager, has said he sees a wave of mergers and acquisitions taking… Read More ›
The British manufacturing industry along with its financial and banking sector is likely to bear the brunt of a hard Brexit strategy. Today, British manufacturers have told Prime Minister Theresa May, it would be prudent to drop the threat of… Read More ›
While Deutsche Bank has ruled out a merger or a bailout, its chairman has called for a more vigorous defence for European banks and cautioned that global banking rules, should not be lopsided. German newspaper Frankfurter Allgemeine Sonntagszeitung has cited… Read More ›
Even after 11 months of investigation by half a dozen of the world’s investigative agencies, no suspect has been arrested in a case that has highlighted vulnerabilities in SWIFT. According to Mohammad Shah Alam, a deputy inspector with the Bangladesh… Read More ›
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