Banks

The FINANCIAL -- Major investment banks’ return on equity has fallen from close to 20% in 2006 to less than 8% in 2014, meaning firms will have to make significant changes to return to low double-digit profitability and offset the impacts of higher costs, control failures and intensifying competition, according to EY’s Transforming investment banks 2015, a report on how investment banks can ...

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The FINANCIAL -- The European Bank for Reconstruction and Development (EBRD) has signed today an agreement for the sale of its stake in Privredna banka Zagreb d.d. (PBZ), one of the leading financial ...

The FINANCIAL -- T2S, a platform that will enable integrated securities settlement across Europe, has gone live as planned on June 22, the European Central Bank announced. Four securities ...

The FINANCIAL -- In May 2015, the volume of money transfers from abroad constituted 97.7 million USD (227.0 million GEL), which is 28.7 million USD (66.7 million GEL), or 22.7 percent less than the ...

The FINANCIAL -- Societe Generale has undertaken many initiatives over the years to develop quality of life in the workplace. With the new Life at Work programme, the Group's aim is to share many of ...