Deutsche Bank: is it really different this time?
“It is different this time,” says chief executive Christian Sewing, of Deutsche Bank’s latest restructuring. Management and the board are not asking shareholders to stump up new money to meet the €7.4 billion costs of exiting equity sales and trading,...
Sewing’s savings: how Deutsche Bank will try to turn itself around
Deutsche Bank chief executive Christian Sewing on Monday morning unveiled what he described as the most radical transformation of the bank in decades. “We are doing nothing short of reinventing Deutsche Bank,” he told participants on a conference call intended...
Testing times for aspiring fintechs
More than 100 fintechs have participated in the Financial Conduct Authority’s (FCA) regulatory sandbox since its launch in June 2016, trialling their services for a limited time to a controlled number of customers under the direction of the UK’s financial...
JMLIT: UK dirty money plan stirs ‘policy capture’ debate
Across Europe, it is becoming the consensus that the best way to tackle money laundering is closer cooperation between states, and between authorities and the banks. Supranational bodies such as Europol and the Financial Action Task Force (FATF) – the...
Climate-related financial risk needs to go mainstream
In July, Moody’s announced the acquisition of a controlling stake in climate risk assessment firm Four Twenty Seven. As discussed here previously, Four Twenty Seven has detailed analysis on the climate risk exposure of US cities and counties that helps...
Sideways: Some Deutsche Bank veterans are doing fine
On the same day as Deutsche announced a hefty quarterly loss of €3.1 billion, former employee Sajid Javid was promoted to Chancellor of the Exchequer in the UK The lesson for the 18,000 Deutsche staff who are expected to lose...
BNP Paribas could sign Deutsche prime broking deal in September
BNP Paribas is actively working to sign a referral agreement for the prime brokerage and electronic execution platform of Deutsche Bank in September, according to BNPP’s COO Philippe Bordenave, speaking to Euromoney as the bank announced strong second-quarter results. The...
Has Brazil opened a window, or door to opportunity?
The country’s stock index is at record levels (it broke the 106,000 level in mid-July and it is also near to a record in dollar terms), which has led to a flood of new equity issuance, most of it secondary...
Is the public cloud the answer to banks’ data problems?
As they migrate to cloud-based data systems, banks could reach another level of abstraction from most of us. Money has already become less tangible, as cash and bank branches gradually disappear. Computers and the internet have speeded up capital flows,...
Brazilian banks carry on regardless
Brazilian banks have enjoyed double-digit base rates for much of the past 20 years. The couple of times rates have dipped into single figures for a year or so they have rebounded quickly. However, this time that spread isn’t expected...