Morgan Stanley plans to cut back its prime broking relationship with Odey Asset Management following allegations of sexual misconduct and bullying by Crispin Odey reported by the Financial Times and Tortoise Media on Thursday, said a source familiar with the matter.
Societe Generale on Thursday agreed to sell some of its businesses in Africa to pan-African banking groups Coris International and privately-held Vista.
Deutsche Bank is streamlining its mortgage business, a move that will reduce several hundred jobs through attrition and staff reassignments, Handelsblatt reported on Wednesday.
Switzerland’s parliament has formally agreed to establish a parliamentary commission (PUK) to look into Credit Suisse’s collapse and rescue in a deal engineered by Swiss authorities, the legislative body said on Thursday.
Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world’s largest crypto exchanges, for allegedly breaching its rules.
Standard Chartered is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an existing plan to cut costs by more than $1 billion through 2024, Bloomberg News reported on Wednesday.
Barclays banker John Plaster, who led the bank’s power and utilities group in the Americas, has resigned to join Guggenheim Partners, people familiar with the matter said on Wednesday.
Determining whether digital tokens are securities will be central to the high-stakes case brought by U.S. regulators alleging crypto platforms Coinbase and Binance violated the law by failing to register as a securities exchange, broker and clearing agency.
Jefferies has hired top Bank of America software investment banker Ron Eliasek as part of the bank’s efforts to boost its U.S. dealmaking franchise, according to people familiar with the matter.
