Page 3 - Investment Banks

Deutsche Bank CEO gives up oversight of investment bank in revamp

Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive

Deutsche Bank CEO gives up oversight of investment bank in revamp

The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank open to operational hazards

Citigroup sees the days of traders slamming phones coming to an end

Citigroup has been working to boost the share of women from assistant vice president up through the managing director level to bolster its efforts to close the pay gap between male and female employee

How a giant collapsed

The story starts 30 years ago, when former Citibanker, Ravi Parthasarathy , IL&FS' chief, set up the company to beef up India's infrastructure-building capabilities.

Explained: Why cryptos are gaining currency globally amid bitcoin rally

Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game

Investment banking from home thrived in Covid, but some fear losing edge

Some investment bankers fear losing their competitive edge as they pitch digitally for business, amid concerns that younger bankers are falling behind

Rishi Sunak plans new investment bank for UK infrastructure projects

UK Chancellor Rishi Sunak is set to unveil a new National Infrastructure Strategy next week for an estimated 100-billion pounds worth of long-term investment

'India in a sweet spot': UBS India head explains his optimism for 2020

Anuj Kapoor tells Business Standard he believes economy is in 'early recovery phase', resulting in period of low inflation and interest rates.

GDP: Growth vs levels

India's GDP is unlikely to recover to its 2019-20 level until the second half of 2021-22

Banks set for biggest job cull since 2015; Morgan Stanley lets go 1,500

This year, more than 50 lenders have announced plans to cut a combined 77,780 jobs, the most since 91,448 in 2015

Investment banking fees up 6% in 2019 over higher fees in debt segment

Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000

Investment tips in the time of pink slips: Here's how to create a cushion

It's never easy, but you can make it less difficult with early financial planning

India's investment banking activities generated $523 mn in fees in H1CY19

During this period, debt and capital markets underwriting fees stood at $135.1 million, up 98.3 per cent

Deutsche Bank's biggest overhaul to cost 7.4 bn euro; 18,000 jobs to go

The plan represents a major retreat from investment banking by Deutsche Bank, which for years had tried to compete as a major force on Wall Street

Centre softens stance on i-banks for PSU mandate

To ensure success of its 2017-18 disinvestment target, the government is taking an easier approach towards investment banks participating in public sector undertaking (PSU) share sales. The department of public asset management (Dipam), the government body in charge of divestment, has allowed investment banks with PSU mandates to take up certain types of capital market offerings by rival companies in the private sector. The move comes after some lenders, including Deutsche Bank, raised concerns over the 'conflict of interest' clause applicable for the share sale mandate in seven PSUs, including Indian Oil and NTPC. Recently, the government floated a Request for Proposal, inviting i-bankers to manage share sales in these seven entities, in the power, finance, energy and metal segments. Sectoral players say the bankers were keen on applying for the mandate but wanted clarity. Allaying their concerns, the government took a more lenient approach. It allowed i-banks to work on private ...

Global investment banks beef up transaction business in Asia

These banks account for just 15 per cent of the market for cash management in the region

iBanks caught in cleft over exchanges' IPOs

Conflict of interest might prevent NSE and BSE from selecting iBanks appointed by the other

World's top 12 investment banks see 25% fall in revenue in Q1: Survey

The year-on-year decline comes on the back of economic uncertainty and investor caution leading to the slowest start since the financial crisis