With the consequent closure during 1998 of their offices in Paris where they have 170 customers, and Frankfurt where they have 280 customers, Bank of Boston are to centralise their European operation into London. They emphasise that the impact on their customers will be minimal as they can offer a seamless service from London. BankBoston in Europe will be expanding their private equity and capital market activities. The closures will have no impact on the bank’s participation in the Connector partnership, a partnership of banks which provide local and pan-European cash management services to customers.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.