JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business. The GB business now brings together the bank’s Commercial, Corporate and Investment Banking lines, according to a memo provided to PYMNTS Thursday (April 4) by JPMorgan Chase. “Our new GB franchise strengthens...
Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the...
The massive global trade finance gap is the topic of conversation for many banks and FinTech firms looking to strengthen their position in the market. Banks have the customer and financial institution (FI) relationships needed to facilitate trade finance, while FinTech firms have the technology...
Deutsche Bank confirmed on Sunday (March 17) that it’s in talks with Commerzbank about a deal. In a memo from Deutsche Bank Chief Executive Christian Sewing, he said that — given the ongoing rumors for months now — he thought it was important to provide context....
April 30, 2024
Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business. Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May 6, Scotiabank announced in a Monday (April 29) news release. “In this role, Mr. Machen will be responsible for leading the execution of a global banking […]
April 04, 2024
JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business. The GB business now brings together the bank’s Commercial, Corporate and Investment Banking lines, according to a...
March 18, 2019
Deutsche Bank confirmed on Sunday (March 17) that it’s in talks with Commerzbank about a deal. In a memo from Deutsche Bank Chief Executive Christian Sewing, he said that — given...
January 24, 2019
More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. Bloomberg reported that China has promised...
