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Banks

After revealing lower third quarter profits related to the US sub-prime crisis, Bank of America has revealed a new management structure for its Global Corporate and Investment Banking (GCIB) unit. The bank has appointed Brian Moynihan as president of GCIB ...

10:00 October 22nd 2007 in News, Banks

ANZ Reorganises AP

ANZ Bank has unveiled a new structure for its Asia Pacific institutional business. Mark Whelan has been appointed managing director, institutional – Asia and reports jointly to Alex Thursby, group managing director, Asia Pacific, and ANZ group managing director, institutional, Peter ...

10:00 October 15th 2007 in News, Banks

Citi Creates Institutional Client Group

Citi has appointed Vikram Pandit as chairman and CEO of its newly-formed Institutional Clients Group comprising Citi Markets & Banking (CMB) and Citi Alternative Investments (CAI). He will continue to report to the Office of the Chairman.   Pandit, who retains his ...

10:00 October 8th 2007 in News, Banks

Deutsche Claims Islamic First

Deutsche Bank says it has closed an Islamic Profit Rate Collar structure with Dubai Islamic Bank (DIB). The transaction was over $500 million in notional value, and is the largest such structure done in the Islamic Markets. The hedging structure required ...
The concept of managerial responsibility led to the departure of two senior bankers last week as Merrill Lynch and UBS conducted managerial shifts at the top of their global markets businesses.  Merrill saw the departure of Osman Semerci, global head ...
Citi's Global Transaction Services (GTS) has launched its Asia Pacific Regional Service Hub and Client Care Centre in Singapore.   The two centres will connect to Citi’s existing network of global hubs in New York, Dublin and Miami, to provide 24...

10:00 October 1st 2007 in News, Banks

US Bank Relocates FX

US Bank relocates its wholesale foreign exchange trading desk to Chicago from its current Minneapolis location today (October 1) as it establishes a 24 hour trading and sales operation there. "When the markets are open around the world, we will be here ...

10:00 October 1st 2007 in News, Banks

BMO Confirms London FX Re-entry

As revealed exclusively by Squawkbox on September 3, Bank of Montreal Capital Markets (BMO) is re-establishing an FX presence in London after over four years away. In 1999 the Bank of Montreal moved its London FX operation to Chicago where it began ...

10:00 October 1st 2007 in News, Banks

Lehman Bolsters Asia FX Business

Lehman Brothers is strengthening its Asian foreign exchange business in Singapore to offer sales, structuring, trading, research and strategies in G10 currencies, local currency markets, options trading and electronic trading for its clients in South East Asia.  The Singapore expansion ...

10:00 September 10th 2007 in News, Banks

Banks Form JV in Asia

Bank of America (BofA) and China Construction Bank (CCB) have agreed to establish a joint financial leasing business that will initially focus on customers in China's power generation and transmission and rail industries. Amongst the finance leasing services to be ...