Goldman Sachs ‘cutting 30pc of Asia jobs’Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is re More… |
EFG Hermes investment banking head steps downEFG Hermes' head of investment banking, Ahmed El Guindy, has resigned from his position with the Egyptian investment bank, it confirmed to Reuters on Monday. Guindy's last working day was May 31, a spokeswoman for the bank More… |
ME equity issuance surges 43pc to top $5bnMiddle Eastern equity and equity-related issuance during the first nine months of 2014 totalled $5.1 billion, a 43 per cent increase in activity from the $3.6 billion reached same period in 2013, a report said. The region’s More… |
ADS Securities expands into new servicesAbu Dhabi's ADS Securities is expanding into new services including investment banking and asset management following its acquisition of a London brokerage firm, its vice chairman and executive managing director said on Tuesday. More… |
Barclays 'to cut thousands of jobs'Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources. The job cuts are expected t More… |
ME investment banking fees up 20pcInvestment banking fees in the Middle East grew 20 per cent last year, data compiled by Thomson Reuters showed, as capital markets activity continued to recover gradually from the global financial crisis. Total fees rose to $722 m More… |
Mideast debt issuance surges 40pc to $26bnDebt issuance in the Middle East reached $26 billion during the first half of the year, a 40 per cent increase over the same period last year, a report said. Middle Eastern investment banking fees reached $356.6 million while equity iss More… |
ME investment banking fees tops $535mMiddle Eastern investment banking fees reached $536.1 million during 2012, a 19 per cent increase over 2011, a report said. Equity capital markets issuance reached $9.4 billion during 2012 while total debt issuance reached $38.6 b More… |
$4.6bn writedown for Credit AgricoleFalling profits in retail and investment banking left investors worried whether Credit Agricole is on the mend after the French bank took $4.6 billion of writedowns to try to draw a line under ill-fated deals. France's No 3 ba More… |
Barclays to restructure investment bank armBarclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry. Rich Ricci, head of corporate and investment banking, told More… |