"In some cases the deals are large and the issuers are rewarding the relationship banks" who do regular work for companies, such as cash management and transaction banking.
And today the FT announces that Deutsche Bank will undertake a major restructuring, reducing risky business while growing safer, if more boring areas such as asset management and transaction banking.
Management expects this transaction to be accretive to its 2013 financial results.
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This was helped by revenue increases in asset management and global transaction banking, while the investment bank saw a 4% decline in revenue, which the bank attributed to reduced client activity in a weaker market environment.
Separately, it has been dumping a load of underperforming businesses, such as transaction services and asset management.
Unstructured customer conversation content is very difficult to map to enterprise transaction and master data management systems, which form the core of enterprise business application software.
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Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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The board of directors of Intel and the supervisory board and the management board of Infineon have approved the transaction.
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The fund-management industry is on their side, since lower transaction costs would boost its returns.
Asset managers earn a markedly higher advisory fee from active investment strategy and rightly so, since given the relatively more trading of assets, active investing incurs higher transaction costs but more importantly because active management relies on the skill of the asset manager which needs to be duly compensated with a higher advisory fee.
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The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services.
The transaction will leave a stub Wachovia with its brokerage and asset management units behind, AG Edwards and Evergreen Securities.
The Going Private Transaction is a related party transaction with the largest shareholder of the company and advantaging existing management as well, and as such it will be subject to intense judicial review and potential challenges by shareholders and strike suitors.
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For the transaction banks, controlling costs per trade and costs per asset under management will become the key to profitability.
With the MSWM transaction the firm is planting its flag more firmly in the wealth management space while pulling back on riskier activities like trading.
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Some argue that, if successful, the case will prevent banks from trading the shares of a company if they are also giving its management advice about a business deal, be it a takeover or any other transaction.
In one embodiment, a financial account management application stored on a processor-based device may provide an interface for defining financial transaction rules to be applied to a subsidiary account.
The Board of Directors appears to have dismissed better alternatives for public owners and selected a transaction, which has been publicly derided by shareholders as opportunistic and grossly undervalued, that favors management.
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Chairman Stephen Poor took considerable professional risk changing the management of the firm, Henderson said, including breaking the process of filing a brief or negotiating a transaction into specific steps and examining how each might be done more efficiently.
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"Customer time is not explicitly involved in a transaction, " says Uday Karmarkar, director of the University of California, Los Angeles Center of Management in the Information Economy.
"Management did extremely well, " says Robert Foster, chief executive of Capital Canada in Toronto, who negotiated the transaction.
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