Danske Bank and Deutsche Bank have announced a collaboration enabling Danske Bank to provide its corporate customers with improved pan-European cash management services by leveraging Deutsche Bank’s franchise. According to the banks, this initiative will further strengthen Danske Bank’s position in the Northern European cash management market by offering an integrated cash management solution across the major markets of continental Europe. As part of Deutsche Bank’s global wholesale solutions offering, this transaction represents another collaboration of its kind in Europe where a financial institution chooses key components from another provider’s cash management suite as an effective alternative to building or enhancing proprietary products and services to serve its corporate clients. Furthermore, it reflects Deutsche Bank’s role in the ongoing consolidation process in the European cash management market.
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.