BANKING NEWS TOP STORIES
- Financial industry urges Brussels to extend access to UK clearing housesBanks and asset managers warn of ‘major’ market disruption when licence expires next year
- Banca Generali writes down pandemic-hit healthcare bondsDecision unrelated to small amount of Mafia-linked invoices, says bank
- Goldman Sachs: GreenSky purchase shows the benefit of buy vs buildThe irony of fintechs is they are entirely reliant on the incumbents they are trying to disrupt
- Deutsche Bank scraps research note accusing BaFin of serial failingsLender criticised watchdog for missing misconduct by its own bankers and other financial scandals
- Goldman to buy speciality lender GreenSky for $2.2bnDeal for fintech platform that provides loans for one-time expenses boosts bank’s consumer business
- US consumers still spending despite Delta risk, banks sayJPMorgan and Wells Fargo executives point to jump in credit and debit card purchases
- Goldman appoints Denis Coleman as chief financial officerBank names Stephen Scherr’s replacement as it diversifies from volatile to lower-risk businesses
- Investment banks: technology will not cut junior banker hoursInstead of unburdening the working lives of junior recruits, automation could mean they do more
- Investment banks accelerate efforts to automate junior ‘grunt work’Goldman, Barclays and Moelis plan to make basic ‘pitch book’ tasks less arduous for burnt out staff
- The power plays unfolding at UBS and Credit SuissePlus, a $3bn Blackstone deal falls through in China, and a City lawyer is accused of hacking his rival
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