Commerzbank is moving its mergers and acquisitions operations from the U.K. to focus on German clients, according to three people with knowledge of the matter.
Sumitomo Mitsui Financial Group’s trust banking arm plans to almost double employees in the next three years to 300 to expand services for wealthy individuals in Japan.
The departures are important for the firm as they represent the exit of two leaders from one of the bank's most highly functioning units.
US regulators have got their man. Georges Chodron de Courcel, long-serving chief operating officer of BNP Paribas, is off, ahead of the French bank's settlement over alleged sanctions breaches, which is rumoured to amount to $10bn.
Nomura has announced a series of moves to drive further growth across its Wealth Management business in Asia including Japan.
Guggenheim Securities has announced the hiring of Barry Blake as a Senior Managing Director.
Britain's financial sector remains vulnerable to further global shocks and the Bank of England must be ready to rescue banks that run short of funds, Threadneedle Street warned on Thursday.
Global DCM activity totals $2.8 trillion, down 1% compared to YTD 2013
Goldman Sachs has a reputation for consistently holding the winning lottery ticket numbers. But it got rid of the ticket that is poised to be one of this year’s biggest payoffs.
Revenue pressures and relatively slow trading conditions to blame.