Deutsche Bank and Commerzbank merger talks collapse April 25, 2019 Merger talks between Germany’s two largest lenders Deutsche Bank and Commerzbank have collapsed. Deutsche Bank said discussions had been abandoned as there were too many risks attached to the potential merger. The pair began talks last month after the German government, which owns a 15 per cent stake in Deutsche Bank, signalled it would not [...]
UBS and Deutsche in ‘serious’ talks over asset management merger April 24, 2019 The asset management divisions of Deutsche Bank and UBS are in “serious” talks over a potential merger, according to reports. The combined businesses would have more than €1.4 trillion (£1.2 trillion) of assets under management, overtaking Legal and General in the UK and France’s Axa to create a rival to Amundi, which is Europe’s largest [...]
Why Vodafone is still backed to hit 250p April 23, 2019 | City Talk By Graeme Evans from interactive investor. Some sense a shift in the balance towards more favourable news at the start of the new financial year. Despite a fruitful start to 2019 for most FTSE 100 index stocks, the mood of many investors will have been tempered by further uncertainty over the prized dividend at Vodafone [...]
Can European banks be saved by mergers and a fresh round of deal making? April 16, 2019 The comparisons with US peers just got a lot harder for European banks after a strong showing from JP Morgan to kick off earnings season. But could there be fresh revenue on the way for European investment banks, even if it is of their own making? There’s a mooted capital raising for Deutsche Bank before [...]
Dorchester boycott: Angel investors retreat from Park Lane dinner after Brunei’s anti-LGBT laws April 4, 2019 A top UK angel investor group backed down over plans to hold its annual bash at The Dorchester late tonight amid a growing boycott against a set of luxury hotels owned by the Sultan of Brunei. Read more: Property events moved away from Brunei-owned hotels amid boycott The UK Business Angels Associations (UKBAA) raised eyebrows [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
Deutsche Bank management board members to receive bonuses for first time since 2014 March 22, 2019 Deutsche Bank’s management board members were awarded bonuses this year for the first time since 2014 as the bank returned to profit, it disclosed today. The board received €55.7m (£48.2m) for 2018, compared to €29.8m the previous year. Read more: Deutsche Bank drops down investment bank table while Barclays gains ground Chief executive Christian Sewing [...]
Germany’s forced marriage of Deutsche Bank and Commerzbank may not work out March 19, 2019 Germany seems to be obsessed with the idea of creating a national banking champion. Is it a way of standing up to the big-ticket US banks, or reaffirming Germany’s dominance as the biggest European economy? Either way, it looks like the country is pushing to create yet another “too big to fail” bank. Back in [...]
Editor’s Notes: The EU simply chooses which rules to enforce and which to ignore February 14, 2019 Allow me a moment away from our own Brexit turmoil and to focus instead on a nasty spot of rot right at the heart of the European Commission. While the Brexit process has made some of the EU’s top brass more recognisable to a British audience, it’s unlikely that many could identify one of its [...]
Ex-Barclays trader accused of Euribor rigging felt ‘let down and used’ by private messages February 11, 2019 A former Barclays employee on trial for Euribor rigging has said he felt "let down and used" when he discovered that a colleague had been privately discussing with another trader at a rival bank how they could alter submissions for the interest rate benchmark. Colin Bermingham, 62, told Southwark Crown Court he felt it was "absolutely not right" that [...]