Europe
Weekly Global News Wrap: Goldman Sachs promotes 80 bankers to partners; Citi to buy Deutsche Bank's Mexican license
Weekly Global News Wrap: Goldman Sachs promotes 80 bankers to partners; Citi to buy Deutsche Bank's Mexican license
And Sweden's central bank encourages banks to moderate dividends.
Weekly Global News Wrap: Higher capital req’s to curb lending, says Citi exec; Interest rates may hit over 4.5%
And France’s Orange exploring “all opportunities” amidst reports it's selling its bank arm.
Weekly Global News Wrap: Bank of America invests $100m to minority-owned banks; Banks cut back on gold shipments to India
And the Bank of Spain governor called for local banks to increase loss provisions.
Weekly Global News Wrap: Investment banks’ trading income to shrink; Citi introduces new diversity goals
And Morgan Stanley unit pays $35m for mishandling customer data.
Citi winds down Russia consumer, commercial banking businesses
Approximately 2,300 employees will be affected, according to the bank.
Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt
And UBS appoints Iqbal Khan as head of its wealth management division.
Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
And Credit Suisse names new head of private banking in Switzerland.
Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme
And China gives the first nod to revive Ant IPO.
From Reuters:
Financial services and bank holding company State Street has denied reports that it is looking to buy Credit Suisse.
Weekly Global News Wrap: Swiss gov’t directs major banks to boost liquidity; UniCredit widens buyer search for Russian assets
And Deutsche Bank’s DWS CEO steps down amidst greenwashing allegations.
Weekly Global News Wrap: HSBC profits slide in 2021; UBS posts best Q1 profit in 15 years
And Swedish bank SEB signs up its first banking-as-a-service client.
Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe
He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.
Weekly Global News Wrap: Commerzbank profits better-than-expected; Goldman Sachs raises financial targets
And US investment banks turn bullish on China.
Weekly Global News Wrap: Bank of America's senior bankers receive pay raise; UBS buys wealth mgmt provider Wealthfront
And Deutsche Bank said it’ll undertake a $339m share buyback.
Standard Chartered appoints Roel Louwhoff as chief of tech, operations, and transformation
He replaces current COO David Whiteing, who is moving back to Australia.
Weekly Global News Wrap: Morgan Stanley’s top performers get 20% bonus raise; Credit Suisse files insurance claims worth $1.17b
And Mexico alert on antitrust implications for local Citi consumer franchise asset sale.
Weekly Global News Wrap: UBS posts best quarterly profits in six years; Italy’s Monte dei Paschi rescue deal collapses
And Citigroup warns of charges related to the closing of S. Korea consumer business.