Nov 12, 2022 1:11:07 PM

Week 6 Highlights | Banks

Bank Highlights |Group Stage Week 6
7th - 11th November 2022

Here we are, at the end of yet another significant landmark event of the tournament the group stage.

Bank and Crypto teams put their heart and souls in this stage so they could move ahead. Some of them succeeded and displayed impressive game while others could not help their fate and suffered heart-wrenching defeats.

Let’s have a look back at the last week of the Great Group Stage before the Round of 32 initiates.


UBS vs. Intesa Sanpaolo

Final Score 3:1

The multinational investment bank UBS drowned Intesa Sanpaolo in its own sorrow in this last match!

The first round was a draw as there was no price movement. After that UBS dunked consecutively in the next two rounds, in the second last round IS fought back but it was too late then. UBS sealed it clean and won the last round and the match.

Team UBS’s growth strategies are their impetus towards success. They are focused on organic growth, Chief Executive Ralph Hamers said last week, although the Swiss bank would consider acquisitions if it needs to expand its capabilities.

And Intesa Sanpaolo failed to combat the team on that level.


Bank of China vs. CITIC Securities

Final Score 3:2

This was an enthralling match and it maintained the thrill the whole week.

After CITIC’s victory in the first round, Bank of China won the next two rounds. Viewers saw the game tilting in the favor of Bank of China. But then CITIC won the fourth round and levelled the score.

China’s initial public offerings had propelled team CITIC Securities Co. to the top spot in the global league tables for equity issues, giving the state-backed brokerage a taste of global recognition.

They won the last round and finished the game and hushed Bank of China off the field.


Barclays vs. ICBC

Final Score 0:5

This match was just a pain to watch!

Barclays, the British multinational universal bank, took jabs from ICBC one after the other and managed to score in zero out of the five rounds in the match.

First they were put under a bad light after they asked UK courts to shut down around one hundred firms in recent months seeking to recover money loaned under a government COVID-19 program that’s been blighted by fraud.

On top of that, Barclays Plc had begun eliminating jobs across its investment-banking group, according to people familiar with the matter.

All these ingredients cooked the perfect last meal for Barclays as ICBC devoured the feast.