Deutsche Bank AG has hired Ainslee Withey, a Barclays technology banker, as a managing director in its technology investment banking group for internet dealmaking, according to people familiar with the matter. Withey, who spent 15 years at Barclays and focused on internet investment banking, will be based in San Francisco and report to Deutsche's co-head of technology, media and telecoms (TMT) investment banking, Ajay Shah, the sources said, adding that she will start her new role in December.
Barclays Bank has made a significant move that may leave some of its expat customers unable to access their savings and pensions. The bank announced on Friday that British people living abroad will no longer be able to hold a Barclays UK current or savings account. This decision could potentially affect numerous expats who rely on these accounts for their financial transactions.
Goldman (GS) and other banks are likely to face class-action lawsuits for colluding to drive up interest rates paid on a popular municipal bond.