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Monday, 27 February 2017

Bank strategy and results

BNP Paribas bank headquarters

BNP Paribas bullish on IB returns

IFR 2170 11 February to 17 February 2017

BNP Paribas has set out an ambitious plan to increase the return on equity of its corporate and investment bank by almost half over the next three years to 19% in 2020.

Societe Generale headquarters

Fixed income trading underperforms at SG

IFR 2170 11 February to 17 February 2017

Societe Generale had a more muted boost from fixed income volatility than many rivals from US elections last quarter, partly due to a tougher comparative with the end of 2015 when it outperformed others.

Deutsche Bank headquarters

Deutsche cuts staff and faces further CIB upheaval

IFR 2170 11 February to 17 February 2017

Deutsche Bank fired about 300 more staff last week as part of its attempt to cut costs and improve profitability, and faces another shake-up in its senior ranks with the possible departure of investment bank chief Jeff Urwin.

Goldman Sachs sign

Musical chairs at Goldman’s restructuring group

IFR 2170 11 February to 17 February 2017

Goldman Sachs’ decade-long struggle to break into the restructuring game may be at an end as the latest man to run the bank’s effort, Roopesh Shah, taps out.