Hungary's OTP bank, Central Europe’s largest independent lender, purchased 96.69 per cent of the shares of Mobiasbanca, a Societe Generale’s subsidiary in Moldova. OTP acquired the Chisinau-based bank through a number of transactions.
London-based Barclays is planning to take some of Deutsche Bank’s prime brokerage clients with $20 billion worth of balances, according to media reports.
Deutsche Bank on Sunday (July 7) announced one of the biggest overhauls of its investment bank since the financial crisis. The German lender will slash 18,000 jobs out of 74,000 around the world by 2022 and scrap its global equities sales and trading business in a bid to
Every year, S&P Global Market Intelligence publishes its report of the 100 largest banks in the world by total assets.
Germany’s flagship lender announced actions to reshape its largest division, the troubled Corporate & Investment Bank (CIB) and additional cost-cutting measures, after posting a 79 percent drop in net profit in the first quarter.
Widespread misconduct in the financial sector has the potential to significantly harm consumers, undermine trust in financial institutions and markets and create systemic risks.
As it looks to tackle Europe's large bad loan pile the European Central Bank published on March 15 the Addendum to the ECB Guidance to banks on non-performing loans (NPLs).
European Central Bank President Mario Draghi said Wednesday that the bank will avoid surprising investors and will keep its monetary policy prudent.
Deutsche Bank, Germany's biggest lender, plans an initial public offering of its institutional and wholesale asset management wing, DWS, next week Reuters reported citing sources close to the matter.
The Bank of England (BoE) said Wednesday it will give big European investment banks an easy way to stay in London post-Brexit, letting them apply for licences similar to those of US, or Swiss rivals.