• The firestorm at HSBC's investment bank is escalating as the bank hits back against internal dissent

    28 days ago - By Business Insider

    HSBC defends its investment banking practice after senior staff wrote a scathing memo to the bank's management by senior staff over recent weeks.
    In a statement given to Financial News , HSBC said that its global banking has a "clear strategy that is working."
    Dissent within the bank is centered around a whistleblower's memo railing against 'rewards for persistent failure' that was sent on August 25.
    It is said to have attacked HSBC's leadership for what it says is a failure "to create a successful strategy."
    HSBC fired back at internal criticism over its investment banking practices...
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  • A senior Deutsche Bank banker told management the bank should break itself up

    A senior Deutsche Bank banker told management the bank should break itself up

    29 days ago - By Chron

    Thomas Lohnes/Getty Images
    Deutsche Bank's former head of M&A in America presented a plan to break-up the bank to Deutsche Bank's CFO in April.
    The plan involved spinning out Deutsche Bank's investment bank and merging the rest of the company with another bank.
    The CFO listened to the plans but didn't share them with any other members of the executive team.
    Deutsche Bank's former head of mergers and acquisitions in America presented a plan to break up the German lender to the bank's chief financial officer earlier this year, according to reports.
    The Wall Street Journal reported that...
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