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Deutsche taps Barclays’s Ross to run UK investment banking

Bloomberg Deutsche Bank AG has appointed a new head of investment banking coverage in the UK and Ireland. Daniel Ross will join the German lender in September from Barclays Plc, where he was vice chairman of UK investment banking and global head of media, according to a statement. Based in London, Ross will report to Patrick Frowein and Berthold Fuerst, ...

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CBZ mulls Victoria Falls stock exchange listing

Bloomberg CBZ Holdings Ltd, the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender. The firm is “actively exploring” a listing, which could address concerns for foreign investors of having funds stuck in the country, Chief Executive Officer (CEO) Blessing Mudavanhu said in ...

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UniCredit to skip coupon payment after 2020 loss

Bloomberg With one of his first major moves at the helm of UniCredit, Andrea Orcel added tens of millions to bank’s bottom line. The question is whether the cost will be even higher in the long run. UniCredit’s new CEO shocked investors with a decision to skip a coupon payment on $3.6 billion of hybrid bonds due later this month, an ...

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