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A selection of the clever, funny and weird to keep your mind sharp over the new year break
Emerging market specialist moves to Middle East
CSFB and Barclays banker was one of market’s most eminent figures
Senior loans banker leaves Deutsche after 14 years
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The Estonian Financial Services Authority this week ordered Danske Bank to leave the country. The Danish lender replied that it would exit the Baltics and Russia as a whole. Meanwhile, the Estonian regulator and its Danish counterpart are under investigation for a possible breach of European Union law in relation to Danske’s money laundering scandal. -
Chinese regulators have given the country’s biggest banks initial permission to set up wealth management arms, addressing a $3.2tr industry that inspires fear of shadow asset growth. But bankers admit they are still confused by exactly what the next steps will be.
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Members of the European Parliament are planning to add a controversial ‘non-sustainable’ category to the Taxonomy of Sustainable Economic Activities proposed last year by the EU Commission. Two Brussels sources have told GlobalCapital the Parliament's vote on the issue, scheduled for Wednesday February 20, has been postponed after heavy pressure from corporate lobbyists.
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In this round-up, trade talks between China and the US will continue in Washington DC after no deal was reached last week in Beijing, total credit growth came above market consensus and Industrial and Commercial Bank of China received a green light to set up a wealth management subsidiary.
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Dutch asset manager NN Investment Partners will open a new office in Montevideo, Uruguay on February 25 to service Latin American and US offshore clients, the company said on Friday.
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Citi China has made two internal promotions in its markets and securities services business division, according to a Friday press release.
