Thomson Financial BankWatch assigned a Senior Debt Rating of A+ (single A plus) to Den Norske Bank’s senior debt outstanding. Den Norske Bank (DnB) is Norway’s largest banking group, having significantly enhanced its domestic franchise via the acquisition of Postbanken – a leading domestic regional bank – in 1999. DnB turned in a strong result for 1999, its ROA just under 1%, with its asset quality significantly improved following fairly significant problems experienced in the shipping sector in the previous year. Its capital levels also improved, its Tier 1 capital ratio at 7.8%. The bank has recently entered into the Nordpay alliance – along with BG Bank, Postgirot and Leonia – in order to strengthen its reach within the Nordic markets, given the on-going strength of consolidation still being experienced within these markets.
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.