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Banks

Deutsche Bank managers waive 34 million pounds in bonus payments

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FRANKFURT Eleven Deutsche Bank executives who served during the financial crisis and afterwards have agreed to waive 38.4 million euros (34.33 million pounds) in bonuses to make amends for past misdeeds by the bank, the German lender said on Thursday.

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Citigroup to move part of private banking to Madrid due to Brexit - source 3:09pm BST

MADRID Citigroup is at an advanced stage in plans to move part of its private banking unit from London to Madrid next year as a result of Britain's decision to leave the European Union, a source familiar with the matter said on Thursday.

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Deutsche Bank expects lower 2017 revenue after mixed second quarter 12:18pm BST

FRANKFURT Deutsche Bank forecast lower full-year revenue and only a modest improvement in earnings on Thursday, after a drop in capital markets trading hit second-quarter sales.

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Lloyds bank posts biggest half-year profit since 2009 8:27am BST

LONDON Lloyds Banking Group's biggest half-year profit in eight years and an increase in interim dividends after emerging from government ownership was clouded by costs for past misconduct.

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Goldman launches new online lending strategy for mass affluent 5:09am BST

Goldman Sachs Group Inc is launching a new digital platform where customers of other wealth management firms and brokerages can apply for loans, the bank said on Thursday.

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Deutsche Bank asset management listing seen in first half 2018 at earliest - sources 26 Jul 2017

FRANKFURT/LONDON Deutsche Bank's planned listing of its asset management arm is unlikely before the first half of next year and could be later, as it wants more time to refine and sell the business's strategy to potential investors, people close to the matter said.

ECB asks FX partners to sign global FX code 26 Jul 2017

LONDON The European Central Bank joined other major central banks on Wednesday in putting formal pressure on currency-trading banks it works with to sign the new global FX code of conduct.

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Another note of caution on European stocks as Credit Suisse says euro strength could bite 26 Jul 2017

LONDON Credit Suisse's global strategists slightly rolled back their "overweight" stance on euro zone stocks on Wednesday as a surging euro and the potential for the brisk pace of inflows to ease forces a rethink on one of the year's most popular trades.

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Citigroup sets new focus on growth at first investor day since crisis 25 Jul 2017

NEW YORK Citigroup Inc management outlined an ambitious plan on Tuesday to grow profits and return at least $60 billion to shareholders, setting a new tone at the first major conference the bank has held for investors in over nine years.

TV personality Edmonds demands $392 million compensation for Lloyds HBOS' unit fraud 25 Jul 2017

LONDON British TV presenter and former disc jockey Noel Edmonds has more than quadrupled the damages he is seeking from Lloyds Banking Group to 300 million pounds as he steps up a 12-year demand for compensation.