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Thursday, 18 July 2019

Deutsche takes equity exit route

Deutsche takes equity exit route

IFR Asia 1098 - July 13, 2019

Deutsche Bank is to close its equities trading and underwriting businesses in Asia Pacific as part of the German lender’s plan to cut 18,000 jobs at the corporate and investment bank over the next three years.

High-flying Grounds to leave UBS

High-flying Grounds to leave UBS

IFR Asia 1098 - July 13, 2019

UBS is bidding farewell to its Australian star banker Matthew Grounds, who is leaving the Swiss giant after a stellar 25-year career including 11 years as CEO for Australia and New Zealand.

Temasek flags slower growth, cautious outlook

IFR Asia 1098 - July 13, 2019

Singapore’s Temasek Holdings posted the smallest rise in its portfolio in three years as key bank stock holdings declined in value, and the state investor said it was increasingly focusing new investments in North America, Europe and on unlisted firms.

ANZ, Citi and Deutsche cartel case heads for 'bigger courtroom'

Aussie cartel case heads for 'bigger courtroom'

IFR Asia 1098 - July 13, 2019

A criminal cartel case against Australia and New Zealand Banking Group and the local units of Citigroup and Deutsche Bank was adjourned last Tuesday for further legal arguments ahead of a possible trial.