Managers of Wealth Europe

Credit Agricole second-quarter net income drops 22% as coronavirus provisions weigh

Revenue at Credit Agricole’s ‘Large Customers’ unit, which includes capital markets and corporate finance activities, rose by 16%.

Sberbank structures first trade finance deal

Egypt’s General Authority for Supply Commodities acted as the buyer. It’s a long-term customer of the bank and a major trader of agricultural products.

Banks' Corona Jitters

Mainly corporate and retail vulnerability is what has caused trouble for banks in any given recession, Holman said, which also represents the major reason investors sell down the shares in times of crisis.

Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss

Too-Big-To-Fail Santander is also one of the Eurozone’s worst capitalized banks.

Lloyds Banking Group – bad loans and interest rate cuts push Lloyds into the red in perfect storm

Lloyds has seen some signs of recovery, particularly among consumers, although low interest rates and a poor economic outlook are expected to weigh on performance for the rest of the year.

Credit Suisse to Merge Investment Bank and Trading in Revamp

The bank also expects to combine its risk and compliance units, the people said, asking not to be identified because the matter is private.

Goldman and Nomura send about 10% of staff back to London offices

At JPMorgan Chase & Co, about 15% of its staff are back, and mergers and acquisitions bankers are returning for the first time this week.

HSBC France to cut 1 in 3 global banking and markets jobs

The cost-saving round of job cuts is expected to be completed by the end of next year.

Can BNP Paribas beat the investment banking jinx?

The French lender is the latest European bank with ambitious plans to take on Wall Street

With consolidation, Raisin takes on European promise of single market

The ensuing expansion of the cooperation with Raisin Bank has also underscored the bank’s own ambition to grow as a partner for European fintechs.

Goldman banker moving from Dubai to London in latest change to Mideast lineup

It wasn’t immediately clear if Goldman plans to replace Francois in the Middle East.

Bankers get on their bikes in French travel revolution

It had been considering alternative transport before the pandemic in the light of schemes to promote it by Anne Hidalgo, the mayor of Paris, and the government.

BNP Paribas accelerates integration of Deutsche Bank prime brokerage business

With the integration of the Deutsche Bank business, BNP Paribas is aiming to become the top prime broker in Europe and potentially break out as a top four global player.

AAA-rated PM and Amundi quant research head discuss which ESG sectors outperform

In his research, he compared the different performances of ESG investments in different regions as well as the different environmental, social and governance pillars.

EU GDP: National forecasts tell us this is the squall before the storm - Chris Bailey, Raymond James

Both the euro area equity markets and the euro remain highly geared to the perceived success (or not) of such initiatives.”

BNP has Goldman in its sights after beefing up hedge fund business

French bank aims to join prime broking’s top 3 following acquisition of Deutsche unit last year

Citi just launched a new unit that will apply data science to dealmaking.

It's all part of a playbook to become a top-3 global investment bank.

Deutsche Bank equities professionals try to settle at BNP Paribas

Instead of sales or trading, insiders many of the people who've migrated to BNP Paribas from DB instead work in technology, with DB's tech systems seeming to be the real focus of BNP's purchase.

HSBC brokers deal to take full ownership of German arm

HSBC is planning to retrench more than 35,000 positions to cut costs as the Covid-19 pandemic affects its revenues, especially in continental Europe.

Deutsche Bank asks top managers to forego a month’s pay

CEO Christian Sewing has resumed his plan to cut 18,000 jobs that had been put on hold

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