Bank strategy and results
A strong euro and higher internal funding costs will have a €450m (US$553m) impact on Deutsche Bank in the first quarter, the German lender’s finance chief said.
Deal value for global M&A broke through US$1trn in the first quarter, even before the sun set on March. It was the strongest start for M&A since 2000 and puts the current quarter on track to be the best first quarter ever.
Europe’s capital markets revenue is set to shrink as a result of Brexit, Morgan Stanley president Colm Kelleher warned this week.
Standard Chartered chief executive Bill Winters said last week the bank was now growing across all divisions and regions as he sought to put behind him the difficulties of the last several years, particularly for the investment bank.