Chris Spink

Rothschild reports record advisory revenues

Jun 22 2016

LONDON, June 22 (IFR) - Rothschild & Co reported record annual revenues in its financial advisory business on Wednesday but warned that repeating that result in the current financial year would prove a challenge.

MOVES-HSBC appoints George to head EMEA markets

Jun 02 2016

LONDON, June 2 (IFR) - HSBC has appointed Patrick George as head of global markets, EMEA and head of global markets institutional client group, a promotion from his role as global head of equities.

FX code proposes limits to sharing trade information

May 26 2016

LONDON (IFR) - Traders in the foreign exchange market will be banned from talking about any specifics on trades but allowed to disclose general "market color" under proposals to improve conduct in the industry.

Credit Suisse halfway through markets job cuts

May 10 2016

LONDON, May 10 (IFR) - Half of the 2,000 staff earmarked to go from Credit Suisse's global markets division have already been notified, the bank said on Tuesday, as it reported a swing to a first-quarter loss.

Societe Generale CIB faces further cuts

May 04 2016

LONDON, May 4 (IFR) - Societe Generale has outlined plans to cut a further 220m in annual expenses from its investment banking business over the next year, despite producing a better first-quarter result than many of its peers.

Weak markets hit BNP Paribas CIB

May 03 2016

LONDON, May 3 (IFR) - First-quarter pre-tax profits more than halved to 403m at BNP Paribas' corporate and institutional banking division compared with the same period a year ago, where like its rivals, weak volumes in global markets during January and February were largely to blame.

Deutsche Bank trading and underwriting disappoints

Apr 28 2016

LONDON, April 28 (IFR) - Delays in settling litigation helped Deutsche Bank produce a better-than-expected first-quarter net profit of 214m but could not disguise a disappointing three months at the investment bank, which underperformed several peers during a weak period across the industry.

Nomura outlines cost cuts

Apr 27 2016

LONDON, April 27 (IFR) - Nomura outlined further details of its new strategy for its international wholesale business, principally in Europe and the Americas, as it reported a 41% fall in revenues in the division to Y136.2bn for the first three months of 2016.

Basel Committee sets bank standards to manage interest rate risk

Apr 21 2016

LONDON, April 21 (IFR) - The Basel Committee has outlined new standards that banks should adopt for measuring interest rate risk in their banking books, set to come into force from 2018.

FCA looks to curb restrictive client contracts

Apr 13 2016

LONDON, April 13 (IFR) - The UK's financial regulator has said it wants banks that arrange lending facilities for clients to remove clauses from loan and corporate broking contracts that require the client to give the bank the right of first refusal to arrange follow-on bond or equity issues and other investment banking services for them.

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