Spencer Anderson is a reporter at IFR covering people and markets. He was previously at the financial times and covered institutional and foreign direct investment.
The co-head of Raiffeisen’s investment bank has insisted that its strategy remains unchanged following the resignation of chief executive Herbert Stepic over a probe into his investments via offshore accounts.
Investors continue to sell out of Turkish assets amid ongoing street protests and incendiary comments from the prime minister Tayyip Recep Erdogan. The developments have caught the attention of investment banks, which say they remain committed to the country but that its risk profile had changed significantly.
The UK’s Prudential Regulatory Authority remains at odds with many analysts over how much additional capital the country’s banks need to raise, with concerns growing that lacklustre profits are preventing many from meeting targets fast enough.
- Former UniCredit boss joins recruitment firm
- Bank budget cuts spark technology battle
- Banks fear losing US$160bn of tax relief
- Banks eye legal loophole on bonuses
- JP Morgan increases wallet share in May
- EBA cracks down on loan valuations
- Banks fear EBA bonus cap expansion