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Monday, 23 October 2017

Bank strategy and results

CLSA outlines ambitious growth plans

IFR 2206 21 October to 27 October 2017

One year after announcing its integration with Citic Securities International, CLSA is looking to grow its market share across multiple product lines.

Knott steps down from NEX

IFR 2206 21 October to 27 October 2017

Jenny Knott has stepped down as CEO of NEX Optimisation, the post-trade division of NEX Group, just weeks after the company issued a profit warning due to the increased cost of MiFID II compliance.

Greenhill battered by weakness in Europe

IFR 2206 21 October to 27 October 2017

Boutique investment bank Greenhill posted a loss of US$6m in the third quarter as revenue fell 37% to US$48m as few of its major M&A transactions closed and income slumped in Europe.

Banks fear Q4 trading to remain grim

IFR 2206 21 October to 27 October 2017

Banks are bracing themselves for another down year in fixed income trading after a premature celebration last year that trading had rebounded.