Alvarez & Marsal | Global news | Banking

An overview of Alvarez & Marsal global news:

United Arab Emirates

Major UAE banks improve financials after year of high returns The financial position of major banks in the UAE improved last year, with the outlook for 2024 also favourable, according to the annual Banking Pulse report from Alvarez & Marsal.
26 February 2024
Lebanon

Alvarez & Marsal delivers damning report on Lebanon's central bank A preliminary forensic report of Banque du Liban has painted a damning picture of Lebanon’s central bank, exposing a range of illegal and concerning practices that contributed to the nation’s dire fi
14 August 2023
Switzerland

Swiss government taps Alvarez & Marsal for Credit Suisse rescue The Swiss government has hired consultants from Alvarez & Marsal to facilitate its role in the acquisition of failed Swiss bank Credit Suisse by UBS.
05 May 2023
Europe

Antonio Alvarez III: 'Banks and investors are tightening the reins' With dark clouds gathering over the economy, banks and investors are tightening the reins.
18 October 2022
United Arab Emirates

Profitability of top 10 listed banks in the UAE recovers significantly The profitability of the UAE’s banking sector recovered significantly last year, according to a new report by Alvarez & Marsal, on the back of continued economic recovery and a raft of effective meas
21 March 2022
Lebanon

With Lebanon's banking secrecy suspended, A&M resumes its audit Eight months after withdrawing from the engagement, global management consulting firm Alvarez & Marsal is set to resume its review of Lebanon’s central bank.
20 August 2021
United Kingdom

Davy taps A&M for forensic investigation into operations Alvarez & Marsal has been appointed by Davy to carry out an independent internal review of its operations, including relevant staff trading, over the past seven years.
30 March 2021
Lebanon

Top US consultancy withdraws from 'crucial' central bank work Alvarez & Marsal has exited its role as consultant to Lebanon’s central bank, after a sustained standoff saw the financial institution withhold data citing bank secrecy.
26 November 2020
Lebanon

A&M, KPMG and Oliver Wyman start work at Banque du Liban Two months after announcing the deal, consultants and auditors from Alvarez & Marsal, KPMG and Oliver Wyman have finally hit the ground running in Beirut.
19 October 2020
France

French retail banks need to close branches and slash costs French retail banks will have to significantly reduce their costs to compensate for their drop in income, according to a new study.
04 August 2020
Lebanon

Lebanon calls in trio of leading management consulting firms The Lebanese government has hired a trio of leading management consulting firms to audit the country’s embattled central bank.
22 July 2020
United Kingdom

UK banking faces higher levels of capital depletion than Europe An analysis of the European Banking Authority’s annual Stress Testing has found that UK banks are behind their European counterparts when it comes to capital depletion and capital flexibility.
19 December 2018
India

Creditors in India hire consultants for bankruptcy proceedings Creditors in India, including the country’s biggest lender State Bank of India (SBI) have hired top consultancy firms such as PwC, KPMG, EY, Deloitte and others at highly generous terms to assist wit
13 July 2017
United Kingdom

Alvarez & Marsal starts Investment Management arm Alvarez & Marsal has launched an Investment Management arm to its wider services offering, putting the experience gained managing assets during the Lehman Brothers restructuring into use for its new clients. The new
17 April 2015
United Kingdom

Alvarez & Marsal: Bankers in Cyprus deleted fraud evidence According to a report by consulting firm Alvarez & Marsal commissioned by the Central Bank of Cyprus. Bankers in the hard-hit Bank of Cyprus have destroyed evidence about abhorrent activities
09 April 2013
United Kingdom

Alvarez & Marsal helps Spain's state-rescued banks repel real estate The Spanish government has hired Alvarez & Marsal to manage the real estate assets of Spain's state-rescued banks. In order to comply with rules of the EU and hence receive European aid, the relevant real estate
07 August 2012
United Kingdom

Cyprus asks Alvarez & Marsal to investigate the banking branche The Central Bank of Cyprus hired Alvarez & Marsal to investigate the status of its banking sector. The decision to hire the consultants follows after two of the nation’s banks indicated they needed state su
02 August 2012

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