On Thursday Barclays said, it has appointed Ingrid Hengster as the CEO for Germany; the bank also appointed her as its global chairman for investment banking. Hengster joins from KfW Bankengruppe. The move in a series of appointments sees Barclays… Read More ›
On Thursday, France’s BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans to boost its revenues by 2024 by partly increasing its focus on sustainable investing. It expects the move to generate additional revenues… Read More ›
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
On Friday, in a move that is likely to reassure regulators, Deutsche Bank CEO Christian Sewing said, Deutsche Bank is willing to give up his role of overseeing the investment bank in the foreseeable future. Deutsche Bank, Germany’s biggest bank,… Read More ›
According to sources familiar with the matter at hand, Goldman Sachs Group Inc is buying General Motors Co’s credit card business for around $2.5 billion (£1.94 billion). According to a report from the Wall Street Journal, Goldman Sachs beat Barclays… Read More ›
In a significant development, Citigroup Inc has named Jane Fraser, the head of its consumer banking division, as its next CEO, marking her as the first woman to break the glass ceiling to lead a major Wall Street bank. With… Read More ›
Midst tumbling valuations and frosty political climate, large investment banks are backing out of Chinese IPOs on Wall Street, and are forced to slash the size of their deals. In the last few months, big banks including Bank of America,… Read More ›
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
While Bank of America Corp’s net income applicable to shareholders have risen in comparison to the previous year, they are however lower than analysts’ average expectations. Revenues, net of interest expense, were also lackluster. On Tuesday, Bank of America Corp… Read More ›
Speculation is rife on Deutsche’s potential merger with either UBS or Commerzbank. Deutsche’s CEO Christian Sewing has however dampened speculation of any potential merger for at least the next 3 years. On Wednesday, German business daily Handelsblatt reported citing sources… Read More ›
manageria.biz 