Natixis releases Q1 financial results, showing New Dimension plan off to a flying start

Natixis has released its financial results for the first quarter of 2018, which is also the first full quarter of its New Dimension strategic plan. Results reported that revenues have increased by 3% to €2.4bn, net income has increased 15% to €323m and pre-tax profit has risen to €632, an increase of 13% since Q1 …

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Falcon Fine Art’s Guy Vaissière explains an increase in demand for art-backed financing in STEP Journal

For wealth management publication STEP Journal, Falcon Fine Art’s Commercial Director Guy Vaissière writes that the demand for art-backed finance is growing globally. The globalisation of the art market and a growing number of new collectors, are the main reasons the art-secured lending market is certain to expand, Vaissière explains. Asia, in particular, is now …

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GTR names BNY Mellon “Best Correspondent Bank” for the second time in a row

BNY Mellon has been officially crowned “Best Correspondent Bank” in this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award marks the second consecutive year that the bank has won the award since the category was introduced in 2017. Receiving the award on behalf of BNY Mellon at the GTR Awards ceremony last …

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Falcon Fine Art’s Tim Hunter interviewed on ITV News

Following the highly anticipated auction of the David and Peggy Rockefeller Collection – which sold for a record breaking £611 million – Falcon Fine Art Vice President Tim Hunter, talks to ITV News regarding the significance of the collection. Hunter explains that although the collection did include works by Monet, Picasso and Matisse, the Rockefeller …

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ICC United Kingdom’s Chris Southworth talks Iran-EU trade on BBC World News

Following U.S. President Donald Trump’s decision to withdraw from the Iran nuclear deal, ICC United Kingdom’s Chris Southworth explained how European business might be affected as a result on BBC World News. In particular, Southworth elaborated on Trumps decision to impose sanctions on any nation that continues to do business with the Republic – including …

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The Financial Times explores new Deutsche Bank payments pilot with IATA

Deutsche Bank has announced it will undertake a pilot project with the International Air Transport Association (IATA) to test a new payment model which will seek to save plane ticket customers billions of euros in transaction fees. The new system will be enabled by the second payment services derivative (PSD2), the latest in a string …

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Natixis’ Laurent Mignon succeeds François Pérol as Chairman of Groupe BPCE’s Management Board, while François Riahi fills his role as CEO at Natixis.

Groupe BPCE’s Supervisory Board gathered on April 26, 2018 and took note of François Pérol’s decision to resign as Chairman of the Management Board, appointing Laurent Mignon, CEO of Natixis, to succeed him. Mignon’s new role will become effective as of June 1st, 2018 when he steps down as CEO of Natixis. Following Mignon’s resignation, …

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Deutsche Bank scoops five top honours at The Asset awards ceremony

On 30 April 2018, in one of the largest gatherings of CFOs, treasurers and banks, The Asset announced the winners of the most coveted Triple A Treasury, Trade, Supply Chain and Risk Management Awards in an Oscar-style ceremony at the Four Seasons Hotel, Hong Kong. Going into the event, Deutsche Bank had already amassed a …

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CAB’s CEO talks to TXF about the future of derisking

In a recent interview with TXF, Albert Maasland, CEO at Crown Agents Bank, explores the banking market’s current approach to derisking correspondent relationships. He recognises that although the high cost of compliance continues, derisking in emerging markets has slowed, having had the desired effect of cleaning up inappropriate payments flows in recent years. He points …

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Crown Agents Bank appoints new CTO

Crown Agents Bank has hired Richard Weald as its chief technology officer (CTO), as the bank enhances its digitisation strategy. Weald was previously global head of IT operations and information security at Earthport, a forex and cross-border payment services provider. “I look forward to outlining a long-term technology roadmap for delivering the digital processes and …

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