corporate-banking
Top StoriesCitigroup to Buy Deutsche Bank License in Mexico for Wholesale Unit
BankingDeutsche Bank Reports Big Jump in Profit Despite Slump in Dealmaking
BankingThe Future of Corporate Banking and How Client-Centricity Will Become the Norm
BankingCredit Suisse Exec: Swiss Bank Not Main Focus for Cost Savings
Abn Amro’s Quarterly Profit Beats Estimates Despite Rising Costs
Date: August 10, 2022
AMSTERDAM (Reuters) -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset rising costs. Analysts in a company-compiled poll had predicted net profit of 312 million euros for April-June, down from 393 million euros...
Ireland’s Aib Expects 10% Rise in Net Interest Income in 2022
Date: July 29, 2022
By Padraic Halpin DUBLIN (Reuters) -AIB Group expects net interest income to jump by 10% this year as a result of more aggressive European Central Bank (ECB) and Bank of England (BOE) rate hikes, prompting Ireland’s largest mortgage lender to review its medium-term targets. Net interest income rose by 2% year on year in the...
HSBC Agrees Deal to Sell Russian Unit to Expobank
Date: July 21, 2022
By Lawrence White LONDON (Reuters) -HSBC has agreed to sell its Russia business to Expobank, signing a deal shortly before Moscow said it would move to block the sale of foreign banks’ Russian businesses in retaliation for restrictions imposed on its own lenders. “Following a strategic review, HSBC has signed an agreement to sell 100%...
Barclays Sets up Taiwan Subsidiary, to Offer Brokerage Services
Date: July 20, 2022
SINGAPORE (Reuters) – British bank Barclays Plc said on Wednesday it had received approval from Taiwanese authorities to set up a subsidiary, providing brokerage and underwriting services to its global and Taiwanese corporate and institutional clients. Through the establishment of its wholly-owned subsidiary, Barclays Securities Taiwan Ltd, the company said in a statement that it...
Corporate Banks Are Racing Toward a Digital Future
Date: June 20, 2022
By RAJASHEKARA V. MAIYA Vice President and Head, Business Consulting Group, Infosys Finacle While retail banking has seen a tremendous transformation over the last few years, corporate banking has remained relatively untouched by the fintech revolution. On their part, corporate banks have made several proactive efforts to protect their ground when it comes to corporate...
Corporate Banking Digital Transformations: Well Begun, but Banks Need to Keep Up
Date: June 20, 2022
By Justin Silsbury, Lead Product Manager for Cash Management, Infosys Finacle Early steps Traditionally, enterprises were so reliant on manual processes and physical interactions for banking that banks would even station relationship managers on their clients’ premises. It would take a pandemic to push tech-reluctant corporate banking to digitize at speed. Today, corporate banks as...