Latest bank strategy news

• MUFG kicks off redundancy round, more to come

  

  MUFG has started a round of capital markets redundancies, with several jobs in London and New York said to be at risk. GIobalCapital understands that not all those who will be put at risk of redundancy have yet been notified but fewer than 35 staff will be affected.

  • 05:30 PM

• Perella Weinberg launches European offensive

  The boutique has turned to experienced hires as it looks to build a UK business in short order, ahead of a potential IPO, writes David Rothnie.

  • 11:00 AM

• Sewing stitches up DB's US ops

  

  GlobalCapital met a senior banker at a rival firm this week, who, when asked what he’d do as chief executive of Deutsche Bank, mimed placing a gun to his temple. Chief executive Christian Sewing has been in the job less than a month, and has opted to turn his gun on the bank’s US business instead.

  • 10:45 AM

• Deutsche Bank calls time on global adventure

  

  Deutsche Bank unveiled another major restructuring on Thursday, rebranding itself as a European bank with global reach, and promising to cut back on local commitments in the US and Asia, as well as slashing US rates, global equtiies, and prime finance. The announcement came alongside results which one analyst described as “a relatively poor set even by Deutsche Bank standards”.

  • 10:15 AM

• Cost-cutter Sewing takes knife to Deutsche's Americas CIB

  

  Deutsche Bank is cutting 400 staff from its corporate and investment bank across the Americas as part of a cost-cutting drive that has accelerated under new CEO Christian Sewing.

  • 25 Apr 2018

• Crédit Agricole opens two Lat Am offices

  

  Crédit Agricole is opening representative offices in Colombia and Chile, the lender said on Monday, as its looks to improve strengthen client relationships in the countries.

  • 24 Apr 2018

• MiFID boosting the biggest as US banks see equity strength

  

  Analysts saw early signs of MiFID-driven consolidation when US banks published their first quarter results that included strong equity trading performances across the board.

  • 19 Apr 2018

• Morgan Stanley shoots lights out in European securitization

  

  As the major US banks reporting strong performances for the first quarter this week, Morgan Stanley boss James Gorman and chief financial officer Jonathan Pruzan picked out their European securitization operation out for praise, on the back of financing activity for legacy portfolios.

  • 19 Apr 2018

• Lloyds faces pref share scrutiny after FCA note

  

  The UK’s Financial Conduct Authority wrote to CEOs on Thursday, asking them to make sure the details of fixed income shares are understood by investors.

  • 19 Apr 2018

• Nomura plans to launch European CLO business

  

  Nomura is mulling the launch of a fully fledged European CLO business, complementing its existing EMEA leveraged loan franchise and a track record of deals executed in the US. The bank already has some warehouse lines outstanding, but is looking to build up its operations.

  • 19 Apr 2018

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