Recapitalization won’t help bank funding

The great bank recapitalization plan unveiled at the European heads of state summit in Brussels won’t do much to halt the slow-motion run on bank funding that has been unfolding since the summer.

Goldman Sachs posts Q3 loss

The investment bank blames low CEO and investor confidence, as well as asset prices for its net loss and lower net revenues across major divisions.

CVA boosts Citigroup Q3 earnings

Citigroup’s securities and banking revenues increase 20% to $6.7 billion in the third quarter, after a credit valuation adjustment (CVA).

Eurozone withdrawal slim

The chances of a eurozone member withdrawing legally from the currency union are extremely low, and it is highly debatable as to whether it is the right course of action, say legal experts.

Markets indifferent to Slovakia

Share prices fell in the run-up to Slovakia’s rejection of expansion of the EFSF, but the aftermath shows a remarkably unconcerned market.

Cash management: The search for top talent

There have been plenty of senior personnel changes in the transaction banking business in recent years, with Bank of America Merrill Lynch perhaps the most active hirer and Citi perhaps the most frequently targeted bank (Paul Simpson, BAML’s head of global transaction services; Carole Berndt, head of EMEA global treasury services in London; and Ivo Distelbrink, head of Asia Pacific global treasury services in Hong Kong, are all ex-Citi).

Abigail with attitude: Chaos in the ranks at UBS

Grübel should have stayed to steady the ship; Ermotti becomes fourth CEO in four years, but what are his credentials for the role?; and a lame duck chairman cannot be the right person to force through the changes that UBS urgently needs to make