Macquarie Group to handle earnings drop following business sales to Nomura
Businesses in other markets should offset a drop in earnings in some businesses. Macquarie Group should be able to handle…
Category: Investment Banking
Investment Banking
Banks feel pressure from private credit
Nonbank lenders are now providing capital even to low-risk corporate clients. Private credit has become a recognised asset class and…
Nomura to buy Macquarie’s US and EU asset mgmt business for $1.8b
Nomura’s AUM is expected to be $770b after completion of the sale. Nomura is acquiring Macquarie’s US and European public…
Weekly Global News Wrap: UBS mulls HQ shift; Sabadell demands gov’t transparency
And France’s Credit Mutuel Alliance Federale is buying Oldenburgische Landesbank. From Bloomberg:UBS Group AG is reportedly examining a potential relocation…
Beyond the code: How mobile banking is weaving a new financial narrative in Asia
For too long, banks have treated their mobile apps as mere extensions of their physical branches. In the digital age,…
Weekly Global News Wrap: UBS face stricter capital reqs; BBVA eyes Abu Dhabi branch
And Citi exec expects banking and trading performances to improve. From Reuters:Switzerland has hit UBS with stricter capital requirements, which…
Citi ANZ names John McLean as head of ECM and GAM
McLean will relocate from Singapore to Sydney, Australia. Citi Australia and New Zealand has named John McLean as head of…
Citi nabs BofA banker to lead Chinese banking operations
Wenjie Zhang will join Citibank (China) in July 2025. Citi has appointed Wenjie Zhang as Citi Country Officer & Banking…
SMBC Malaysia nabs StanChart banker as head of corporate banking
Wendy Ooi will lead SMBC Malaysia’s non-Japanese corporate banking strategy. Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBC Malaysia) has named…
Weekly Global News Wrap: BNY Mellon mandates 4-day office rule; EU weighs UniCredit bid
And Warren Buffet will step down as chief of Berkshire Hathaway by the end of 2025. From Reuters:Bank of New…