Barclays, BNP, Deutsche Bank Earnings Hinge on Trading, Rates
Posted on Friday April 19, 2024
(Bloomberg) -- Europe’s biggest banks pick up the baton next week after mixed results from Wall Street peers.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingWith sector stocks trading near a six-year high, the outlook for lenders from Barclays Plc to BNP
BNP Paribas must face lawsuit over Sudanese genocide, US judge rules
Posted on Thursday April 18, 2024
BNP Paribas was ordered by a U.S. judge on Thursday to face a lawsuit accusing the French bank of helping Sudan's government commit genocide between 1997 and 2011 by providing banking services that violated American sanctions. Hellerstein said the bank's admission that its employees recognized its role in giving Sudanese entities access to the U.S. banking system meant it could not now argue differently.
Brevan Howard Cuts More Than 100 Staff in Restructuring Push
Posted on Thursday April 18, 2024
(Bloomberg) -- Brevan Howard Asset Management is cutting around 10% of its workforce — or about 100 employees — to reduce costs as one of the world’s best known hedge funds streamlines its rapidly growing operation.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingIsrael Launches Retaliatory Strike on Iran, US Officials SaySingapore Loses ‘World’s Best Airport’ Crown to QatarThe cuts i
UBS, Nomura Battle to Win Rates Sales to Europe’s Ultra Rich
Posted on Wednesday April 17, 2024
(Bloomberg) -- UBS Group AG and Nomura Holdings Inc. are making a push to sell sophisticated fixed-income products to the ultra wealthy in Europe, competing against firms such as BNP Paribas SA.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Tesla Asks Investors to Approve Musk’s $56 Billion Pay AgainPowell Signals Rate-Cut Delay After Run
