Bank Traded Assets Hot Record
US Bank Traded Assets Hit Peak US banks’ holding of traded assets hit $1 trillion at the end of the third quarter. This represents the highest level since 2008, the…
China Borrows on a US Par
China Borrows on a US Par China has issued $ 2 billion in sovereign bonds at yields equivalent to US treasuries. The three- and five-year debt was issued in Saudi…
Ukraine Bonds Soar
Ukraine Bonds Soar Ukraine’s sovereign bonds have risen 12 per cent in value following the election of Donald Trump. The markets are hoping that he will bring a speedy ceasefire…
Changes to UK Redress System
Changes to Redress System UK Chancellor, Rachel Reeves, will use her Mansion House speech to call for changes in the way client redress is handled in the UK. She will…
Metro Bank Fined for AMl Breaches
Metro Bank Fined for AML Breaches The UK’s Financial Conduct Authority has fined Metro Bank £17 million for failing to ensure that an automated system was monitoring compliance with money…
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…