Deutsche Bank: Boss says firm is finally ‘robust’ but needs to do ‘better job’ explaining investment bank November 29, 2023 Deutsche Bank chief executive Christian Sewing has said he wants to "reward the shareholders" on the back of cost reductions but noted continued market uncertainty over the firm's investment banking business.
HSBC chief insists China ‘open to international business’ and worst of its property crisis is over November 29, 2023 HSBC chief executive Noel Quinn has reiterated his argument that the worst of China's property crisis is over, saying the country is "open to the international business community".
Bermuda to London: Hunt plots move to supercharge London insurance market November 29, 2023 The Chancellor, Jeremy Hunt, announced in his Autumn Statement that the Government plans to consult on a new framework to encourage the establishment of captive insurance companies in the UK.
Tech chief: It’s been ‘Black Friday all year’ on FTSE and the London Stock Exchange November 29, 2023 On the London Stock Exchange it’s been “Black Friday all year”, according to one of London’s top venture chiefs.
Barclays planning 900 layoffs in Britain to cut costs, union claims November 28, 2023 Barclays is planning to cut 900 roles in Britain by the new year, according to employee union Unite, as the bank seeks to reduce costs.
Monzo chief says bank has earned ‘the right to dream bigger’ as it targets the US November 28, 2023 Monzo chief executive TS Anil has said the digital challenger bank has "international ambitions", noting a "huge gap" in the American market, but refused to speculate on where or when the firm could list publicly.
Goldman Sachs boss David Solomon remains ‘passionate’ about making music, but DJ hobby became a ‘distraction’ November 28, 2023 Goldman Sachs chief executive David Solomon has said that he retired his high-profile DJ hobby because it was becoming a “distraction” from his leadership of the US investment bank.
UBS chair says 2024 will be key year for Credit Suisse merger, flags ‘sticky costs’ November 28, 2023 UBS swung to a larger-than-expected loss of $785m (£637m) earlier this month in its first full quarterly results since acquiring troubled Credit Suisse.
Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.
Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio November 27, 2023 Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.