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Investors holding depositary receipts in Russia's sanctioned top banks are facing difficulties in converting them into shares after the European Union targeted Russia's national clearing house with sanctions, sources and analysts told Reuters.
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Credit Suisse Chief Executive Thomas Gottstein on Thursday called queries over a potential takeover offer from U.S. financial giant State Street "really stupid", shutting down questions after a media report on the matter sent shares briefly higher the day before.
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Asoka Woehrmann, the chief executive of Deutsche Bank's funds arm DWS, will hand over the reins on Thursday after resigning in the wake of allegations that the company, which manages 928 billion euros ($994 billion) in assets, misled investors about its "green" investments.
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Russian lender Sberbank suspended settlements in yuan for corporate clients from June 7, the bank said on Wednesday.
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UniCredit has "limited" opportunities to reduce its exposure to Russia, the Italian bank's finance chief said on Wednesday, ruling out providing further support for the Russian subsidiary while emphasising it was not a financial drain on the group.
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The biggest commercial banks in Poland have teamed up to create a protection scheme to help ensure their liquidity and solvency, the banks said on Tuesday.
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Credit Suisse has appointed Min Huang to lead its asset management business in the Asia Pacific, an internal memo reviewed by Reuters showed on Tuesday.
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Swiss wealth manager Julius Baer has hired the former head of private banking at Doha Bank, Slim Bouker, to lead an expansion in Doha, where it plans to open an advisory office at the Qatar Financial Centre, it said on Tuesday.
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Deutsche Bank said on Tuesday that Berlin was now one of a handful of technology centres the lender runs around the world and sources said many staff who worked at the bank's offices in Russia had moved to the new German operation.
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Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing sources close to the matter.
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