For Deutsche Bank’s Cryan, profit can wait
Almost one year into his tenure as Deutsche Bank's chief executive, John Cryan says he has ushered in a new culture of openness, rooted out bad behaviour and set about…
Job cuts, lean bonuses loom over Europe’s bankers in 2024
A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers renowned…
Global banks see no recession, US companies are more circumspect
Heading into 2024, analysts say the US recession they’d been forecasting for two years isn’t coming anymore. Everyone else, from companies to investors, is still bracing for a slowdown caused…
Banks break taboo for high-risk bonds
Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically…
Investment banking faultlines trigger European job shake-up
A dearth of deals, banking sector ructions and most recently the aftershocks of the demise of Credit Suisse have rapidly redrawn the European financial services industry jobs map this year.…
Fed up with shrinking savings, Europeans drain billions from banks
European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently…
Banking woes, Fed keep investors on edge in nervous US stock market
Investors are settling in for a long slog in the US stock market in coming months, braced for more tumult in the banking sector and worries over how the Federal…
Europe’s banks dim lights as they brace for winter blackout
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning…
US, European banks could lose over $5bn from risky buyout loans
The biggest US lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher…
Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show
A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador at accounts in the country as a result of a dispute over a $391 million settlement award that…
