New layers of regulation are forcing banks and other top financial institutions to raise salaries for specialist professionals in the UK, a new survey reveals, despite pressure to cut costs. According to the Robert Walters Salary Survey, professionals across regulatory reporting, product control and internal audit sectors have been securing double digit pay rises in […]
Chinese investors are doing a far higher value and volume of M&A deals in Europe than European investors in China, according to data from Deloitte. In 2014 Chinese companies and financial investors announced 79 deals in Europe, compared to 54 European deals in China. In terms of value, in 2014 the average disclosed deal size […]
Germany’s Deutsche Bank posted strong income and profit figures for 2014 with income before income taxes (IBIT) more than doubling to €3.1 billion for the year ended December 31, 2014. Core bank IBIT was €6 billion, up €1.1 billion from FY2013, while net revenues remained stable at €32 billion. Jürgen Fitschen and Anshu Jain, Co-Chief […]
The alternative lending markets in Europe reported strong growth in 2014, according to Standard & Poor's ‘Alternative Lending Markets In Europe Are Increasingly Open To Mid-Market Companies’ report, published in January 2015. "Given these positive market developments, expectations among regulators and politicians are high that alternative lending markets will support additional growth in Europe," said […]
2015 got off to a busy start, as more than 2,500 representatives of business, government, academia and civil society participated in the World Economic Forum Annual Meeting 2015 in Davos, Switzerland. Finance Monthly kept the world informed via its dedicated WEF 2015 website. In this month’s issue, we present a review of the event, highlighting […]
BT has agreed definitive terms to acquire EE for £12.5 billion (€16.7 billion). The transaction will be paid as a combination of cash and new BT ordinary shares issued to both Deutsche Telekom and Orange. EE is the leading mobile network operator in the UK with 31 million customers of which 24.5 million are direct […]
The Bank of England’s Monetary Policy Committee (MPC) voted to keep the base interest rate and the stock of assets purchased under the quantitative easing programme unchanged in February at 0.5% and £375 billion respectively. The headline rate of inflation, as measured by the Consumer Price Index (CPI), fell to just 0.5% in December and, […]
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