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BNPP is rebuilding strength in advisory in France
I thought the grass would be greener in fintech land, but it’s patchy and dreary
Years of underperformance are behind it and the bank has launched a new growth plan
Equity market bodies try to pre-empt regulator's July consultation and consolidated tape decision
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UK authorities have finished their overhaul of personal responsibility in banking, making senior managers accountable for wrongdoing or problems in their business lines. The initiative comes as new bosses at Barclays and Deutsche Bank plan drives to boost personal accountability in their organisations.
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Big changes are in store for the Korea Exchange (KRX) as it gets closer to a long-awaited IPO, a move expected to help the bourse compete more effectively with international stock exchanges. But hurdles stand in the way, writes John Loh. -
UK bank shares fell sharply on Wednesday afternoon after George Osborne, chancellor of the exchequer, announced a new 8% surcharge tax on banks’ profits, which took the market by surprise.
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The Barclays board this week ejected chief executive Antony Jenkins amid concerns that Barclays is not delivering fast enough growth. John McFarlane, who came in as chairman in April, has taken over as executive chairman while the bank searches for a new CEO.
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Citi has promoted Michael Lavelle, head of EMEA capital markets origination, to head of UK and Ireland Corporate and Investment Banking and vice chairman of EMEA corporate and investment banking.
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Citi has hired Hamish Whitehead as managing director for its equity capital markets origination team in Australia, in line with the firm’s plans to beef up its business and relationships in the country.
