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26th of November 2010
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News Tag: investment banking

November 9, 2010

Barclays sees fall at investment bank unit

by Kay Murchie
Banking giant Barclays has today announced it made a pre-tax profit of £4.3 billion in the first nine months of the year, despite a slump in income at its investment banking division. The bank, which is one of the few not to have received any financial help from the Government, said activity at its investment bank division Barclays Capital had been ...

September 27, 2010

RBS axes further 500 jobs

by Kay Murchie
It has been reported that the Royal Bank of Scotland (RBS) is axing approximately 500 administrative jobs at its investment banking division. The bank, which is 84% owned by the taxpayer, has axed around 26,000 jobs since the onset of the financial crisis. In a statement today, the bank said: “We continue to make efficiencies across our business to ensure that we have the ...

August 11, 2010

Barclays Capital announce several hundred redundancies

by Kay Murchie
Barclays Capital, the investment division of banking giant Barclays, is to slash around 400 back-office jobs in the US, Europe and Asia, a source familiar with the matter has said. The job losses come following Barclays' expansion of its investment-banking unit, driven by the bank’s purchase of Lehman Brothers North America operations at the height of the financial crisis in September 2008. Meanwhile ...

July 22, 2010

Credit Suisse profits rise despite euro zone difficulties

by Kay Murchie
Credit Suisse, which is Switzerland’s second-largest bank, has today exceeded expectations by reporting second quarter profits of SwFr1.6 billion (£1 billion). Compared to the same three-month period a year ago, earnings were 1% higher but were down 22% when compared with the first quarter of the year. The rise in profits came despite a 32% drop in revenue to SwFr4.1 billion ...