Top exec calls Deutsche Bank ‘dysfunctional’

Top executive Kim Hammonds reportedly said Deutsche Bank is the “most dysfunctional” company she has ever worked for. The criticism comes as the floundering financial giant faces immense pressure to perform.


Morgan Stanley to hire 80 in Paris after Brexit: source

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.


ABN Amro picks SIA for instant payments access

Thanks to SIAnet, the fiber optic network with high speed and low latency stretching over 170,000 kilometers, ABN AMRO was one of the early users to introduce instant payments.


Barclays investors give CEO Staley year to fix investment bank

Staley, feted for his achievements at U.S. powerhouse JPMorgan <JPM.N>, pledged to revive Barclays' tired investment banking franchise as soon as he joined the bank in 2015, ending years of under-investment in the wake of the financial crisis.


Nordea confirms re-location to Finland

The stability, he estimated, will only be increased by the 55-billion-euro common fiscal backstop to be established within the European Union by 2023 and by the banking union advocated by Finland.