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Financial institutions specialist heads to German bank
New system starts with nearly 100% coverage of trading data
Europe’s regulator proposes preserving capital requirements while trimming the complexity that hampers cross-border M&A
Banks face an uncertain future as finance goes digital
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Schroders has shaken up its financial institutions desk, and has brought in a well-known credit analyst from competitor Legal & General. -
Royal Bank of Scotland reported a pre-tax loss of £8.2bn for the full-year 2013 on Thursday, its sixth consecutive year of losses since it was rescued in 2008 and a result that chief executive Ross McEwan called “sobering”.
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Royal Bank of Scotland reported a pre-tax loss of £8.2bn for the full-year 2013 on Thursday, its sixth consecutive year of losses since it was rescued in 2008 and a result that chief executive Ross McEwan called “sobering”. The already slimmed down investment bank’s profits were down by more than half, but bankers there are no closer to knowing how many more jobs will go as RBS reduces its seven operating divisions down to three.
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Rabobank has appointed its global head of professional products, who has previously served on boards at Morgan Stanley and NIBC, to its executive board.
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Royal Bank of Scotland bankers were left scratching their heads on Friday morning after news reports that the bank was planning to heavily scale back its investment banking business.
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Investors are pulling out of European money market funds leading the funds to consolidate, according to commercial paper dealers.
