Banking

  Bloomberg Deutsche Bank AG hired Thomas Piquemal as head of global mergers and acquisitions and chairman of corporate and investment banking in France. Piquemal, 47, most recently senior executive vice president for finance at French electricity utility Electricite de France SA, will be based in Paris and report to corporate and investment banking chief Jeff Urwin, Frankfurt-based Deutsche Bank ...

  Bloomberg The European Central Bank (ECB) warned that risks of financial-market turmoil have increased amid slower growth in emerging economies, weak bank profitability and the rise of populist movements across the 19-nation euro region. “A sharper-than-expected fall in Chinese growth could well lead to a synchronized downturn across other emerging market economies, particularly commodity exporting economies,” the ECB wrote ...

  BLOOMBERG UK banks are privately lobbying the Bank of England to pressure Swift into adopting new security measures that would make it more difficult for cyber criminals to target the global payments network, according to a person with direct knowledge of the discussions. The banks want the Society for Worldwide Interbank Financial Telecommunication (Swift) to install software that would ...

  Singapore / AFP Singapore’s central bank on Tuesday said it was kicking out Switzerland’s BSI Bank, which has been linked to a global money-laundering scandal that has embroiled neighbouring Malaysia’s Prime Minister Najib Razak. In the toughest legal action so far in the crisis rocking Malaysian state fund 1MDB, Switzerland also disclosed it had launched criminal proceedings against the ...

  Bloomberg Nigerian policy makers may be about to loosen their stranglehold on the nation’s currency. The central bank of Africa’s biggest economy will decide on Tuesday on whether to adjust borrowing as evidence mounts of a looming recession. Barclays Plc, Goldman Sachs Group Inc. and Renaissance Capital Ltd. are among banks predicting it will also introduce a de facto ...

  Reuters Jordan’s central bank said that it had auctioned its first-ever sale of Islamic bonds, or sukuk, a five-year 75 million dinars ($105.9 million) deal to help finance purchases by state utility firm National Electric Power Company. The sukuk, which used a cost-plus-profit arrangement known as murabaha, attracted 205 million dinars worth of bids paying a 3.5 percent profit ...

  Bloomberg UniCredit SpA Chief Executive Officer Federico Ghizzoni may resign as soon as on Tuesday amid investors’ demands for a change in management, people with knowledge of the situation said. The bank’s board will meet tomorrow and may authorise its nomination committee to begin the search for a new CEO, said one person, asking not to be identified because ...

  JAKARTA / Reuters Ares Capital Corp., the publicly traded lender managed by alternative investment firm Ares Management LP, will acquire American Capital Ltd. in a deal valued at around $3.4 billion. Ares Capital will pay $14.95 a share in cash and stock for Bethesda, Maryland-based American Capital, the companies said in a statement Monday. The deal excludes American Capital ...

  Bloomberg Britain’s bank chief executives can sleep easy. Peer-to-peer lenders are unlikely to dent their dominance of the loan market over the next decade, according to Deloitte LLP. Online platforms connecting investors directly with consumer and commercial borrowers will probably account for about 1 percent of the 600 billion pounds ($874 billion) of total lending by 2025, according to ...

  Bloomberg Collector Bank AB plans to add 80 to 90 employees a year to accommodate growth as the Swedish financial services-provider rolls out new technical solutions and products to challenge the largest banks. Most of the recruitment will be at the IT unit, which currently accounts for 100 of Collector’s 350 full-time employees, Chief Executive Officer Stefan Alexandersson said ...