Private Banking

Restructuring and 2015 losses lose Deutsche Bank its title as the third biggest investment bank in the world

Deutsche Bank loses No.3 spot

Restructuring and 2015 losses lose Deutsche Bank its title as the third biggest investment bank in the world

Germany’s financial powerhouse, Deutsche Bank, has dropped from being the third biggest investment bank in the world to the fifth. The coveted position – which the bank has held since prior to the global financial crisis – has now slipped away as a ...

Banco Popolare and Banca Popolare di Milano Scarl's plans to merge will create Italy’s third largest bank

Italy’s Banco Popolare to merge with BPM

Banco Popolare and Banca Popolare di Milano Scarl’s plans to merge will create Italy’s third largest bank

Verona-based bank Banco Popolare has agreed to buy Banca Popolare di Milano Scarl (BPM), in a merger that will create the third biggest lender in Italy. The new bank will have an approximate market value of €5.7bn, around €171bn in assets and over 25,...

Credit Suisse has announced another 2,000 in cuts to its Global Markets business, bringing the total for the year to 6,000

Credit Suisse accelerates restructuring

Credit Suisse has announced another 2,000 in cuts to its Global Markets business, bringing the total for the year to 6,000

Little over a month after Credit Suisse announced plans to slash 4,000 jobs, the Swiss banking giant has accelerated its restructuring plans by tacking another 2,000 in cuts to its investment banking business. The decision forms part of the bank’s strat...

Sustainability is the newest business opportunity for the banking sector

As the world economy bounces back from severe crisis, major players are working hard to combine business opportunity with social responsibility, heralding the dawn of a new era

Europe’s recovery has fallen far short of the expectations set out by optimistic analysts and over-ambitious politicians in years past, although this isn’t to say the business climate has suffered as a result – far from it in fact. Many companies in...

Digitalisation is set to simplify the banking process

The rising influence of digital technology is changing the face of banking, while innovative platforms are bringing in a new breed of customer

No business is exempt from the wave of digitalisation currently sweeping the global economy, and while the trend was mostly contained to the youth segment in years past, its influence has now extended much further afield. In banking, where new platforms h...

By focusing on more than just profits, Kuwait International Bank has done a great deal to spread CSR and the culture of Islamic banking in Kuwait

Kuwait International Bank helps to spread Islamic banking across Kuwait

By focusing on more than just profits, Kuwait International Bank has done a great deal to spread CSR and the culture of Islamic banking in Kuwait

The Kuwait economy has overcome a series of economic and political obstacles in recent times, and a collapse in global oil prices marks the beginning of an important new chapter in the country’s growth story. However, while this new low-price environmen...

Hedge fund Marshall Wace gamble on an even bigger fall for struggling Standard Chartered bank

Bets made against Standard Chartered

Hedge fund Marshall Wace gamble on an even bigger fall for struggling Standard Chartered bank

As talk of Standard Chartered’s future continues to gather momentum, a London hedge fund has bet that the bank’s share price will fall even further than its current historic low of 414p. It is also expected that the Asia-focused group will soon announ...

HSBC comes under pressure again amid a new lawsuit for supporting terrorist organisations

HSBC sued for laundering cartel money

HSBC comes under pressure again amid a new lawsuit for supporting terrorist organisations

The families of US victims murdered by Mexican cartels are suing HSBC for helping the illegal enterprise to operate. The lawsuit claims that by knowingly laundering billions, the bank should be held responsible for a series of deaths in 2010 and 2011. ...

Litigation and restructuring costs cause Deutsche Bank losses to hit €6.8bn for 2015

Deutsche Bank reports biggest loss since financial crisis

Litigation and restructuring costs cause Deutsche Bank losses to hit €6.8bn for 2015

In a press release published on January 28, Germany’s biggest bank announced a €2.1bn loss for the fourth quarter of 2015 and a total net loss of €6.8bn. Deutsche Bank’s first full-year loss since the 2008 financial crisis can be attributed to res...

Staley steers Barclays through tough times with job and cost cuts

Barclays to close branches and cut jobs worldwide

Staley steers Barclays through tough times with job and cost cuts

In a bid to boost sales and streamline costs, Barclays’ new Chief Executive, Jes Staley, orders 1,200 job cuts worldwide, the Guardian has reported. The British bank is also pulling out of several Asian countries, including South Korea, Taiwan, Malaysia...

The Italian private banking sector successfully overcame the challenges of the global financial crisis by embracing the strengthening relationship between technology and finance

Digital platforms are embraced in Italy’s banking sector

The Italian private banking sector successfully overcame the challenges of the global financial crisis by embracing the strengthening relationship between technology and finance

Thanks to a long-standing focus on saving and investing, Italy now boasts one of the biggest savings pools in the world, with a current value of approximately €4trn. By pursuing a stronger relationship between banking and technology, the financial secto...

Tatra banka’s commitment to innovation is shifting the boundaries of the banking business in Slovakia and beyond

Tatra banka shakes up Slovakian banking

Tatra banka’s commitment to innovation is shifting the boundaries of the banking business in Slovakia and beyond

Innovation is a precondition of success for private banking in the present climate, and major names in the sector are embracing technology to boost both efficiency and customer satisfaction. On top of that, private banks in the here-and-now can ill afford...

Amid a backdrop of regional shocks and challenges, Lebanon’s banking sector stands strong with a glowing reputation for resilience and stability

Lebanon’s banking sector becomes a beacon of stability

Amid a backdrop of regional shocks and challenges, Lebanon’s banking sector stands strong with a glowing reputation for resilience and stability

Despite its location in a region of economic and political instability, Lebanon’s banking sector is a beacon of excellence and compliance. By offering a wide range of banking services and staying abreast of technological and regulatory changes within th...

Latin America has seen troubled times, and with the IMF reducing its growth forecast for 2015, prospects look bleak. However, as BOD Financial Group attests, committing to economic development can prove to be key to success

BOD Financial Group harnesses opportunities in Latin America

Latin America has seen troubled times, and with the IMF reducing its growth forecast for 2015, prospects look bleak. However, as BOD Financial Group attests, committing to economic development can prove to be key to success

A slow and uneven recovery throughout much of Latin America has intensified the challenges for financial services, and with the global commodities boom having faded and FDI struggling, the responsibility has gone on to local names to harness growth opport...

Closer integration with European countries is needed for the banking industry to thrive in the Republic of San Marino and other microstates

Banca CIS plays vital role in San Marino’s banking industry

Closer integration with European countries is needed for the banking industry to thrive in the Republic of San Marino and other microstates

While European microstates such as the Republic of San Marino have only been partially integrated into the European single market, they have already made significant strides, particularly within the banking sector. Usually when speaking about the EU, the ...

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