The app uses artificial intelligence to create a virtual assistant, which can help consumers understand and choose investment products and services ranging from share trading platforms to online wealth managers to crowdfunders.
Senior non-preferreds, also called Tier 3 debt, sit above subordinated tier 1 and tier 2 in a bank’s capital hierarchy.
The priority is to leverage our strengths and to allocate our investments accordingly. And at the same time we will look to free up capacity for growth by pulling back from those areas where we are not sufficiently profitable,
Claudine Gallagher, head of the Americas for BNP Paribas Securities Services, said: “We have a long-standing relationship with Janus Henderson and are pleased to further this partnership.”
Nordea has been losing clients since September, when it unveiled a plan to move its headquarters to Finland from Sweden in pursuit of a more hospitable regulatory climate inside Europe’s banking union.
Its move to transfer some staff there follows a similar pattern to other banks which have picked one EU center to be their main regional subsidiary in the bloc, but then locating other parts of their businesses in several countries.
RBS needs a post-Brexit European base in order to continue offering its financial services, so-called passport rights, in continental Europe.