Deutsche Culls Senior Management
Deutsche Culls Senior Management In an attempt to meet challenging cost: income targets, Deutsche Bank has culled 111 senior managers. The retail and private bank is seeking to lower the…
Goldman Appoints New Partners
Goldmans Appoints New Partners Goldman Sachs has just completed its biennial partnership round leading to 95 new appointees. This is the highest number since 2010 and reflects optimism with the…
Mixed Market Trump Reactions
Mixed Market Reactions There were mixed reactions to the unexpected extent of Trump’s victory in the stock and bond markets. The S&P 500 rose 2.5 per cent with the small…
Learning the Lessons of “Trump”
Two seemingly unconnected events in my life during the last 24 hours have given me a lot of food for thought. In the wake of President Trump’s unexpected election triumph,…
Markets Ready for Election Rollercoaster
Quality in Financial Services Internal Auditing Risk Audit will be running a one-day course on Wednesday 4th December which provides an opportunity for financial services internal audit functions to take…
Is Germany the Sick Person of Europe?
Conduct Risk for Internal Auditors The term “conduct risk” has led many organisations to restructure their regulatory compliance processes and embark major initiatives to ensure regulatory risk management is fine-tuned….
AI on PRA’s Radar Screen
AI on PRA’s Radar Screen Deputy Governor of the Bank of England, Sarah Breeden, yesterday gave a fascinating speech to a Hong Kong conference on the PRA’s thinking on AI….
Car Finance Market in Disarray
Car Finance Market in Disarray Consumer credit providers have met with the UK Treasury and regulators to request a freeze in the processing timeframes for complaints. This follows a shock…
Bank Orders Hit on Whistleblower
Latvian Bank Owner Orders Hit The owner of a Latvian bank has been sentenced to 15 years in prison for ordering a hit on a whistleblower. Mihails Ulans, the former…
HSBC Exceeds Expectations
HSBC Exceeds Expectations USBC has exceeded analysts’ expectation by reporting a 10 per cent increase in third quarter profits to $8.5 billion. Wealth management fee income was the major driver….