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Bloomberg Boris Johnson started a week of intense diplomacy on Monday, as he tried to push for a Brexit deal on the sidelines of the United Nations General Assembly in New York. The British prime minister was expected to hold meetings with all the key players — Germany’s Angela Merkel, French President Emmanuel Macron, Irish Prime Minister Leo Varadkar and ...
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September, 2019
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23 September
20 killed as fresh violence rocks Indonesia’s Papua
Bloomberg At least 20 people were killed and dozens injured as fresh clashes erupted in Indonesia’s restive Papua region, according to military and police officials. Four people including a soldier were killed in clashes in Jayapura, the province’s capital, while 16 people were killed in Wamena, a city in the Papua mountain region. The death toll from Wamena, a region ...
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23 September
Deutsche Bank shifts its prime brokerage to BNP with 1,000 jobs
Bloomberg Deutsche Bank AG finalised a deal transferring its business with hedge fund clients to BNP Paribas SA as part of the German lender’s historic retreat from investment banking. About 1,000 Deutsche Bank employees will move to the French rival through 2021, according to people with knowledge of the matter. Ashley Wilson, one of two executives at the German bank ...
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23 September
S African banks set for biggest strike in 99 years
Bloomberg South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920. “Banks will be operating as usual on the day,†the Banking Association South Africa said. Lenders “are taking the necessary precautions to minimiwe disruption†related to the proposed protest action by the South African Society of ...
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23 September
Biggest banks less likely to wreck economy: BIS
Bloomberg After a decade of being regulators’ favourite target, the world’s biggest banks now pose less of a risk to the economy than before the financial crisis, according to the Bank for International Settlements (BIS) said in its latest quarterly review, which was released Sunday. At the same time, these banks became less critical to the overall financial system, it ...
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23 September
‘Funds’ from Bangladesh Bank send stocks higher
Bloomberg Bangladesh stocks headed for the biggest gain in 17 months after lenders were allowed to borrow from the central bank to invest in equities. Bangladesh Bank allowed commercial banks to borrow at 6 percent using repurchase agreements, it said in a statement. The DSE Broad Index jumped as much as 2.3 percent in Dhaka, set for the biggest jump ...
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23 September
Credit Suisse ordered to monitor star banker before joining rival UBS
Bloomberg A made-in-Zurich banking drama spilled out into the open after it emerged that ex-top Credit Suisse Group AG banker Iqbal Khan had been shadowed by the lender, leading to a confrontation in broad daylight in the Swiss financial capital. The private banker, hired by crosstown rival UBS Group AG last month, was followed by detectives trying to establish if ...
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23 September
Citi’s top banker in Miami becomes CEO prospect
Bloomberg Jane Fraser is not exactly a big name on Wall Street. Based in Miami, she runs Citigroup Inc’s operations across Latin America, a region that generates less than 15 percent of the bank’s revenue. And yet, after chief executive officers stepped down at two of the world’s biggest banks in recent months — first, at Wells Fargo & Co ...
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23 September
Germany mulls ‘loan’ for Condor, Lufthansa looks on
Bloomberg The German government is mulling a request for an emergency loan by Thomas Cook Group Plc’s Condor subsidiary as Deutsche Lufthansa AG remains tight-lipped on the fate of a unit it bid for earlier this year. Germany’s Economy Ministry on Monday said it is assessing Condor Flugdienst GmbH’s request for a bridge loan after its parent company collapsed under ...
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23 September
Airlines in HK seek fee waivers amid protests
Bloomberg Airlines operating in Hong Kong are urging the government to implement temporary policies to offset damage to their business as months of pro-democracy protests have disrupted operations and hurt visitor numbers. In a letter to the Secretary for Transport and Housing, the Board of Airline Representatives (BAR), which represents 70 carriers operating in Hong Kong, asked for short-term measures ...
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