Bank strategy and results
Citigroup is looking at exiting its securities joint venture in China in favour of a new partnership with majority control, making it potentially the first foreign bank to walk away from an existing partnership following regulatory changes earlier this year.
Noble Group is expected to appoint former Morgan Stanley banker Ian Potter as its chairman as the battered commodities trader prepares for life following its restructuring.
Sumitomo Mitsui Financial Group outstripped its rivals during the second quarter as it reported a 37% jump in net profit, while the two other Japanese megabanks flatlined.
Rothschild said revenues from its global advisory business rose 11% to €296m over the three months to the end of September compared with the same period a year ago. For the whole of 2018 its revenues are up 14% year-on-year at a record €820m.