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Sugrue specialised in covering the insurance and reinsurance sectors
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Deutsche Bank has become the first top tier European bank to take an impairment on Greek exposure held in its banking book, in a move that sets the scene for its rivals as the reporting season gets under way.
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Deutsche Bank has launched a push into capital structuring in Asia, appointing a managing director from its London FIG team to a newly created position as head of capital solutions for Asia Pacific, EuroWeek can reveal.
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The steady flow of staff leaving Landesbank Baden Württemberg’s investment banking team continued on Monday with Denis Rath quitting to join Commerzbank.
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The drip feed of staff leaving Landesbank Baden Württemberg’s investment banking team continued this week. Denis Rath will join a protracted list of former LBBW employees that have joined rival firms. After working for five years on LBBW’s French and German covered bond and supra agencies syndicate desk, he is to join Commerzbank, where he is expected to work in senior unsecured debt syndication.
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After the mostly upbeat picture presented by JP Morgan and Citigroup’s results last week, Tuesday’s second quarter figures from Goldman Sachs were more subdued as the bank said it had cut risk in the face of difficult conditions for market making in some fixed income products.
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