Deutsche Bank shares soar after joint CEOs given the boot
Shares of European financial giant Deutsche Bank soared nearly 8 percent on the Frankfurt stock exchange Monday, after the co-chief executives announced they were resigning.
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Lucy Kellaway: A career in banking – are you quite mad?
Lucy Kellaway suggests little has changed in banking since my spell – you’d need to be quite mad to consider it as a career; she’d rather shine shoes.
Ex Barclays “Skip” McGee’s back with an energy boutique
Barclays Plc’s top-paid executive last year was High “Skip” McGee – an icon for the Masters if the Universe. Then – shockingly – he retired. But the game is far from over; McGee has a resounding cachet in advising oil and energies companies in restructuring and investments.
Market movements fuelled by insecurity
The dollar climbed from a four-month low with that the Federal Reserve policy will diverge from other central banks.
Treasury set on holding subordinated Af Bank debtors to account
African Bank Investment Ltd.’s subordinated debt holders, who are at risk of losing all their money after the lender’s 2014 collapse, failed to reach agreement with the government over changes to bank laws they say are prejudicial.
Abil collecting up to $211m monthly
African Bank Investments has been collecting as much as 2.475 billion rand each month since the South African unsecured lender was rescued last year.
Lucy Kellaway: Big bank’s happy:grumpy ratio is no way to audit staff
It is called the happy:grumpy ratio, and measures how many cheery staff the bank employs for every curmudgeon.The point of this exercise was that happy employees are more likely to do the right thing than unhappy ones.
Free bank accounts are not sustainable – PwC
“The free banking model stifles innovation and competition,” Davies added, noting it also made it difficult for new entrants.
Rand firmer after central bank holds lending rate
The rand gained against the dollar on Friday following a decision by the South African Reserve Bank to leave interest rates unchanged, indicating that any possible cuts would depend on further falls in consumer inflation.
Copper suffers meltdown on growth anxiety, euro on defensive
As if the plunge in oil prices is not enough of a worry for global policymakers, copper futures dived 6.2 percent to $5,499 a tonne when major chart support cracked and triggered a host of stop-loss sales