Bloomberg Goldman Sachs Group Inc. and Standard Chartered Plc have recently expanded the number of staff moving to Frankfurt by April as financial services firms accelerate their Brexit planning, according to people familiar with the matter. The decision came after the European Central Bank toughened its demands for how many people and IT resources it expects banks to have in ...

Bloomberg Latvia is looking into connections between several unnamed local lenders and a Turkish company sanctioned by the US for attempting to supply North Korea with weapons and luxury goods. Already grappling with the closure of its No. 3 lender and bribery charges against its central bank governor, the latest allegations stem from October 4 action by the Trea- sury ...

Bloomberg Less is sometimes more. The private banking arm of Germany’s cooperative lenders, a group of around 900 local banks with total assets of 891 billion euros ($1 trillion), has almost halved the number of customers while also nearly doubling assets under management within a few years. DZ Privatbank now takes care of more than 18 billion euros for the ...