Credit Suisse EMEA to outsource structured product business to Delta Capita

Delta Capita has been appointed as managed service provider to Credit Suisse EMEA Structured Products business. A number of existing Credit Suisse team will transfer to Delta Capita as part of the deal. “New regulation will standardise the way in which products are packaged and delivered which provides an opportunity for the industry to work together More...

by subhadip | Published 3 months ago
By subhadip On Thursday, January 19th, 2017
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Blockchain can help investment banks save $8bn per year, Accenture says

Accenture and operations benchmarking consultancy firm McLagan evaluate the applications of distributed ledger technology (DLT) in investment banking operations in the “Banking on Blockchain” report. For the More...

By subhadip On Wednesday, January 18th, 2017
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Former Co-op Bank chair Paul Flowers dismissed from church over drugs

Paul Flowers, the former chairman of the Co-operative Bank, has been dismissed as a minister by the Methodist church after he was convicted of possessing cocaine, crystal meth and ketamine in 2014. In a statement, More...

By subhadip On Wednesday, January 18th, 2017
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Can a $26m-a-year fund manager really rethink executive pay?

Among the 3,000 politicians, business leaders, economists and celebrities attending this year’s World Economic Forum in Davos will be a 64-year-old with receding hair and rimless glasses. The academic demeanour More...

By subhadip On Wednesday, January 18th, 2017
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Libor scandal: the bankers who fixed the world’s most important number

At the Tokyo headquarters of the Swiss bank UBS, in the middle of a deserted trading floor, Tom Hayes sat rapt before a bank of eight computer screens. Collar askew, pale features pinched, blond hair mussed from More...

By subhadip On Monday, January 9th, 2017
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Brexit: banks consider whether to start moving business out of UK

Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the More...

By subhadip On Monday, January 9th, 2017
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Murder, she wrote: the missing bankers thriller

When thousands of bankers reportedly disappear, a special committee is called in to investigate. Will it solve the mystery and save the UK economy? Or have the City jobs vanished forever? That all sounds like More...

By subhadip On Monday, January 9th, 2017
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The rise of the cashless city: ‘There is this real danger of exclusion’

Scrolling through my online bank statements at Christmas, I was surprised to find I had not removed cash from an ATM for well over four months. Thanks to the ubiquity of electronic payment systems, it has become More...

By subhadip On Monday, January 9th, 2017
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Blackrock becomes biggest Lloyds bank shareholder

The major US investment firm Blackrock has become the biggest shareholder in Lloyds Banking Group, usurping the government, which is selling down its stake in the bailed-out bank. Blackrock, which describes itself More...

By subhadip On Thursday, January 5th, 2017
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ANZ sells Shanghai Rural stake for $1.3 billion

Australia and New Zealand Banking Group Ltd (ANZ.AX) said on Tuesday it will sell its 20 percent stake in Shanghai Rural Commercial Bank Co Ltd [SHRCB.UL] for A$1.8 billion ($1.3 billion), as part of its broader More...