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Prime Brokerage

Barclays to Save $45 Million with UK Government Office Sublet Move

  • The government will lease the site in Canary Wharf, providing substantial savings for the cost-pressured bank.
Tuesday, 06/12/2016 | 13:01 GMT by Finance Magnates Staff
Prime Brokerage

Deutsche Bank Offloading 3,400 Trading Clients to Help Stimulate Profits

  • Deutsche Bank has parted ways with 3,400 cost-intensive clients, part of its latest strategy to garner profits.
Friday, 02/12/2016 | 20:22 GMT by Jeff Patterson
Execution

Barclays Offloads its Wealth and Investment Management Business in Asia

  • Barclays has sold off its WIM business in Asia though it still retains a sizable presence in the region.
Monday, 28/11/2016 | 14:35 GMT by Jeff Patterson
Prime Brokerage

Standard Chartered to Cut Corporate and Institutional Jobs by 10 Percent

  • The latest job cuts are intended to boost profitability and improve the efficiency of the division.
Monday, 28/11/2016 | 11:22 GMT by Finance Magnates Staff
Execution

Barclays to Cut 25% of its Office Space in London

  • The latest cuts to Barclays will result in a sizable reduction of office space in London.
Wednesday, 02/11/2016 | 14:04 GMT by Jeff Patterson
Prime Brokerage

UBS to Axe 100 Jobs Across its Wealth Management Unit

  • Several dozen jobs are being cut at UBS, its latest measures in a rough 2016 fiscal year for the lender.
Tuesday, 01/11/2016 | 17:41 GMT by Jeff Patterson
Prime Brokerage

UBS’ CEO Sergio Ermotti Sees Risks in Jettisoning UK Staff Ahead of Brexit

  • London has been virtually radioactive for the banking sector in 2016, however leaving remains a risky venture.
Friday, 28/10/2016 | 18:12 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank Introduces Hiring Freeze to Cut Costs

  • The hiring freeze has been imposed as part of the bank's ongoing headcount reduction plan.
Thursday, 13/10/2016 | 13:09 GMT by Finance Magnates Staff
Prime Brokerage

Commerzbank to Cut 10,000 Jobs Amid Thin Profit Margins

  • The German lender is the latest bank to announce job cuts to tackle weak profits and low interest rates.
Thursday, 29/09/2016 | 15:50 GMT by Finance Magnates Staff
Prime Brokerage

ABN Amro Rolls Out Plans to Axe Upwards of 1,375 Jobs in Cost Cutting Strategy

  • ABN Amro will be cutting some jobs in a bid to save over $225 million on its balance sheet over the next few years.
Monday, 12/09/2016 | 11:13 GMT by Jeff Patterson
Prime Brokerage

Commerzbank to Embark on Targeted Job Cuts to Restore Profitability

  • Commerzbank has announced a number of cuts and a new role for Stefan Schmittmann.
Wednesday, 07/09/2016 | 13:58 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank’s CEO Welcomes Deeper Job Cuts up to 30%, Addresses Mergers

  • There could be pink slips aplenty this fall as Deutsche Bank's management appears to embrace deeper cuts.
Wednesday, 31/08/2016 | 10:10 GMT by Jeff Patterson
Prime Brokerage

Lloyds Banking Group Announces Additional 3,000 Job Cuts Post-Brexit

  • Lloyds has announced another 3,000 job cuts to help restore profitability, now bringing the total to 12,000.
Thursday, 28/07/2016 | 10:35 GMT by Jeff Patterson
Prime Brokerage

Deutsche Bank's CEO Sees Grounds for Deeper Job Cuts Amidst Diving Revenues

  • Deutsche Bank's recent revenues woes may trigger a further exodus of personnel from the lender.
Wednesday, 27/07/2016 | 10:24 GMT by Jeff Patterson
Prime Brokerage

UBS Imposes Hiring Freeze on Select Elements of its Wealth Management Unit

  • Certain segments of the world's largest wealth management unit have had hiring caps imposed after waning profits.
Tuesday, 12/07/2016 | 12:54 GMT by Jeff Patterson
P2P Lending

Lending Club Taps New CEO, Cuts 179 Jobs as Revenues Weigh

  • Lending Club has chosen a new CEO to help guide it out of a lackluster 2016 fiscal year thus far.
Tuesday, 28/06/2016 | 12:34 GMT by Jeff Patterson
Executive Moves

NAB Onboards James Dalton as its Head of FICC

  • Dalton joins NAB after a lengthy career at Citigroup dating back to 2000.
Monday, 27/06/2016 | 13:27 GMT by Jeff Patterson
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