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FinTech

Checkout.com Cuts Internal Valuation by $29bn

  • The payments company feels the current market blues.
  • Stripe and Instacart have also reduced their valuations recently.
Tuesday, 13/12/2022 | 13:22 GMT by Damian Chmiel
CryptoCurrency

Robinhood Cuts Its Workforce by 23% Due to ‘Deterioration of the Macro Environment'

  • Approximately 780 employees will be laid off.
  • The anti-money laundering team will remain intact.
Wednesday, 03/08/2022 | 10:55 GMT by Matti Williamson
Brokers

Nomura to Lay Off 100 Employees in its European Business

  • The firm is also planning to downscale is G10 FX, emerging markets and flow credit business.
Thursday, 04/04/2019 | 12:40 GMT by Celeste Skinner
Institutional FX

Exclusive: Nomura Part Ways With ex-Global Head of FX Trading Nigel Khakoo

  • Finance Magnates understands that the former Global Head of FX Trading was amongst the 50 traders who lost their jobs yesterday
Wednesday, 04/07/2018 | 15:48 GMT by David Kimberley
Prime Brokerage

Deutsche Bank Takes Aim at Equities Segment, Cutting 7,000 Jobs

  • Will the fresh cuts under a new CEO finally score a rebound for Deutsche Bank?
Thursday, 24/05/2018 | 08:10 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank Taps Christian Sewing as CEO, Replacing John Cryan

  • Christian Sewing will take over as the CEO of Deutsche Bank following three straight annual losses
Monday, 09/04/2018 | 08:16 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank Initiates Layoffs in Cost-Cutting Effort

  • The German lender's job cuts will include at least 250 employees globally.
Tuesday, 20/02/2018 | 08:08 GMT by Finance Magnates Staff
Prime Brokerage

Credit Suisse Incurs $1.05b Yearly Loss Due to US Tax Writedown

  • The lender has proposed a reduced dividend given a one-time tax writedown of $2.47 billion in 2017
Wednesday, 14/02/2018 | 09:04 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank Sees Annual Loss Amidst US Tax Reform, Market Challenges  

  • US tax reform caused a massive non-cash tax charge of €1.4 billion that sunk the group's yearly profits.
Friday, 02/02/2018 | 09:16 GMT by Jeff Patterson
Prime Brokerage

Fears of Mass Brexit Relocation Falling Short of Reality

  • Current estimates of job relocations have fallen to around 5,000.
Wednesday, 13/12/2017 | 06:56 GMT by Jeff Patterson
Executive Moves

SIX’s Jürg Weber to Relinquish Role as Division CEO, Payments Services

  • Marc Schluep will take over as the new Division CEO at the end of the month, replacing Weber.
Monday, 20/11/2017 | 12:10 GMT by Jeff Patterson
Prime Brokerage

Mizuho to Slash Global Workforce by 24% Over Next Decade

  • The lender is portending upwards of 19,000 job losses in its latest cost-cutting strategy.
Tuesday, 14/11/2017 | 13:34 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank's CEO Cryan on the Hot Seat as Investor Patience Wanes

  • Key investors have opened the door to a potential replacement as early as May 2018.
Tuesday, 10/10/2017 | 06:38 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank’s Cryan Sees Robots Replacing Large Number of Personnel

  • Could a robot really do your job?
Thursday, 07/09/2017 | 10:01 GMT by Jeff Patterson
Prime Brokerage

Countdown to January: the Double-Edged Sword of MiFID II

  • Increased transparency and new regulations could come at a cost.
Tuesday, 22/08/2017 | 09:43 GMT by Jeff Patterson
Brokers

ADS Securities London Sees Losses Decline in FY 2016, Revenues Rebound

  • Losses fell by 42 percent in 2016, following large staff cuts and other internal measures.
Wednesday, 02/08/2017 | 12:26 GMT by Jeff Patterson
Prime Brokerage

Doom and Gloom? Are European Banking Earnings Poised for a Pullback in Q2?

  • Optimism surrounding European banks may be short lived with expectations pointing to a decline in Q2.
Monday, 10/07/2017 | 06:25 GMT by Jeff Patterson
Regulation

UCITS Funds Face Regulatory Crackdown in EU, Spurred by Brexit

  • Letterbox entities are being targeted in a new regulatory shakeup, which collectively hold up to $10.3 trillion in assets.
Thursday, 06/07/2017 | 08:44 GMT by Jeff Patterson
Executive Moves

Rob Allard’s Reunion with Deutsche Bank Scrapped, Leaving Fixed Income Void

  • A plan for Rob Allard to rejoin Deutsche Bank as its new US Head of Fixed Income Sales was scuttled.
Friday, 23/06/2017 | 14:06 GMT by Jeff Patterson
Prime Brokerage

Banks Primed to Slash Analyst Jobs by 30% as MiFID II Looms

  • New reporting regulations under MiFID II will force banks to disclose research spending.
Thursday, 22/06/2017 | 10:05 GMT by Jeff Patterson
Regulation

Could MiFID II Regulations Spark Contraction in Research Industry?

  • New regulations necessitating the disclosure of research costs could lead to a reduction of analysts and personnel.
Wednesday, 21/06/2017 | 12:42 GMT by Jeff Patterson
Prime Brokerage

Credit Suisse Pegging Growth Hopes on Leverage Finance Space

  • The bank is strengthening its US and EMEA leveraged finance operations as it moves forward in its restructuring plan.
Wednesday, 21/06/2017 | 08:42 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank Launches New Global Markets Unit, Reorganizes Investment Bank

  • The new global capital markets division will be jointly headed by Alexander von zur Muehlen and Mark Fedorcik.
Friday, 16/06/2017 | 07:58 GMT by Jeff Patterson
Prime Brokerage

Bank of America Becomes First Major US Lender to Initiate Job Cuts

  • Standard cost-cutting measure or signs of an industry contraction?
Thursday, 15/06/2017 | 15:35 GMT by Jeff Patterson
Prime Brokerage

Credit Suisse to Add 1,200 Jobs in North Carolina, Siphoning Talent from NYC

  • Credit Suisse is bolstering its Raleigh operations, shifting jobs from New York.
Thursday, 11/05/2017 | 14:02 GMT by Jeff Patterson
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