Africa's economic growth is set to edge upwards in 2023 and 2024 amid tighter global monetary policy and the fallout from Russia's invasion of Ukraine, but South Africa's will plummet, the African Development Bank (AfDB) said.
UBS will have an "incredibly high bar" on investment banking staff it takes on from Credit Suisse following the merger of the two banks, UBS Chairman Colm Kelleher said on Wednesday.
Mizuho Financial Group Inc will buy U.S. M&A advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday, as Japan's No. 3 lender eyes a bigger share of the world's largest investment-banking fee pool.
Investors would be mad to ignore AI's spectacular results, but when it comes to broader applications, they should tread carefully, columnist Felix Martin writes.
A dearth of deals, banking sector ructions and most recently the aftershocks of the demise of Credit Suisse have rapidly redrawn the European financial services industry jobs map this year.