SinoPac, one of Taiwan’s largest banks, has selected banking tech heavyweight Temenos for digital banking software modernisation. SinoPac revamps digital banking tech with Temenos The bank is already a long-standing user of Temenos’ core banking solution, Transact (the bank implemented it a decade ago), and is now extending the tie-up […]
Banking And Investment
Wells Fargo & Company (NYSE:WFC) Given Consensus Recommendation of “Moderate Buy” by Brokerages
Shares of Wells Fargo & Company (NYSE:WFC) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The […]
Credit Suisse reassures investors over its financial strength
Senior Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about the Swiss bank’s liquidity and capital position in response to concerns raised about its financial strength. Executives hit the phones after spreads on the bank’s credit default swaps, which offer protection against a company defaulting, rose […]
Royal Bank of Canada completes acquisition of Brewin Dolphin
Deal creates premier wealth manager in the UK, Channel Islands and Ireland TORONTO, Sept. 27, 2022 /CNW/ – Royal Bank of Canada (“RBC”) today announced that it had completed the acquisition of Brewin Dolphin Holdings PLC (“Brewin Dolphin”), a multi-award-winning wealth management firm. Brewin Dolphin will now operate as ‘RBC […]
2022-09-27 | NYSE:WFC | Press Release
NEW YORK, Sept. 27, 2022 /PRNewswire/ — Wells Fargo Advisors today announced the addition of The Savarick Group. Led by Evan Savarick, Managing Director – Investments and Senior PIM Portfolio Manager and Roy Savarick, Senior Vice President – Investments and Senior Portfolio Manager, The Savarick Group has decades of experience […]
2022-09-27 | NYSE:SF | Press Release
‘SF Credit Partners’ to Expand Lending Capabilities and Collaboration Across Both Firms ST. LOUIS and SEOUL, South Korea, Sept. 27, 2022 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) and Korea Investment & Securities Co., Ltd. (KIS), a subsidiary of Korea Investment Holdings, today announced the formation of a substantial […]
Citi to wind down UK retail banking ops to focus on wealth management
US multinational investment bank Citi is proposing to wind down its retail banking operations in the UK and instead focus its personal banking and wealth management business on select wealth clients. Citi considers nixing UK retail banking ops The mooted closure of its UK retail division forms part of Citigroup […]
David Gibson-Moore to join Dalma Capital Board of Directors as it Grows its Investment Banking Advisory Practice
DUBAI, UAE, Sept. 20, 2022 /PRNewswire/ — David Gibson-Moore, a veteran banker and prominent figure in the financial services industry, has joined the board of directors of Dalma Capital as part of a continued drive to enhance the company’s capabilities in investment banking services, in addition to its asset management […]
Wealthtech to The Rescue Amid Doom and Gloom For Wealth Managers
Wealth management firms face a conundrum of headwinds like never before. From an environment with low or slowing economic growth, high volatility, high financial leverage by individual investors and pressure to de-lever personal balance sheets, high inflation rates and growing interest rates to a competitive market pressuring margins towards those of […]
Credit Suisse weighs splitting investment bank into three
Credit Suisse has drawn up plans to split its investment bank into three and resurrect a “bad bank” holding pen for risky assets, as the Swiss lender attempts to emerge from three years of relentless scandals. Under proposals put forward to the group’s board, Credit Suisse hopes to sell profitable […]