05/02/2019
Lloyds Bank 'prepared for further Brexit uncertainty' as profits stay flat
Lloyds Bank is prepared to weather further Brexit uncertainty, the group’s chief executive said today as the bank reported results for the first quarter.
Investment Banking
05/02/2019
BNP Paribas profits boosted by investment bank rebound
The bank said clients had returned in the last month of the quarter.
04/30/2019
Spanish banks lead European financial sector
Footsie manages only modest gains, kicking off the week with a lacklustre session
04/30/2019
Standard Chartered flags turnaround progress with $1 billion buyback plan, shares rise
The share repurchase plan comes after StanChart CEO Bill Winters unveiled in February
04/30/2019
Regulatory costs hit Nordea Bank Q1 profit
Our priorities are very clear – to increase business momentum and at the same time reduce the structural cost base; we are executing on both.
04/28/2019
Barclays’ investment bankers have fallen out of the Premier League
In 2009, Bob Diamond and BarCap were the financial sector’s Man Utd. Now investors want the unit brought to heel
04/26/2019
Raiffeisenbank expects outperformance in Russia despite sanctions
Raiffeisenbank set to grow faster than market in 2019
04/26/2019
Lloyds Bank expected to post flat profits due to BrexitLloyds Bank expected to post flat profits due to Brexit
“UK employment and wages have held up fairly well so far, but increased credit card and car finance activity means a downturn would hit Lloyds’ books pretty quickly.”
04/26/2019
RBS reports £707m profit in first quarter
In the UK mortgage market, RBS lent £7.6bn in the quarter, bringing their lending in the housing market total up to £150.6bn.
04/25/2019
Morning Coffee: Deutsche Bank's other merger partner. The worst named hedge fund
The bank has been suggested as a “white knight” for Deutsche last year, a possibility that the shareholders appear to be less than keen on.
04/25/2019
Deutsche Bank & Commerzbank call off merger talks
Christian Sewing, Deutsche Bank's CEO, said in a memo to employees: "After thorough analysis, we have concluded that this transaction would not have created sufficient benefits to offset the additional execution risks, restructuring costs and ca
04/25/2019
Barclays says there will be no job cuts, even as insiders brace for the worst and an activist ratchets up pressure to gut the investment bank
Senior Barclays staff have been bracing for job cuts following the surprise departure of top executives
04/24/2019
Royal Bank of Scotland bosses braced for AGM
Chief executive Ross McEwan receives a pension of £350,000, which amounts to 35 per cent of his £1 million basic salary, but those working in branches typically receive just 10 per cent
04/23/2019
Morning Coffee: Deutsche Bank's Plan B if Commerzbank fails. Lloyd Blankfein, the devoted Dad
They could either revert to the original cost-cutting plan that Sewing was brought in to deliver, perhaps with a bit more chopping away of red meat at the investment bank.
04/23/2019
European banks Credit Agricole and Santander team up in asset services
Credit Agricole will own 69.5 percent of the merged unit, which will keep the brand name of Agricole's existing asset management arm - Caceis. Santander will hold 30.5 percent.
04/23/2019
Bramson v Barclays: big week for investor before AGM battle
US-based activist investor will ramp up pressure on bank if first-quarter results fail to impress
04/18/2019
European Investment Bank will lend €100 million to Dutch and German small businesses through Funding Circle
“The EU bank seeks to ensure better access to finance for SMEs at all stages of development through a range of tailored instruments.”
04/18/2019
In 2018 Audit, Deutsche Bank Saw High Risk of Ties to Russian Money Laundering
“Until publication of intelligence on the OCCRP website in March 2017, Deutsche Bank was not aware of the money laundering scheme
04/17/2019
Citi Expands ETF Servicing Capabilities in EMEA
The launch of Citi’s ACES platform highlights our commitment to continuously strengthen our offering and support our clients’ ETF needs holistically across products and geographies.
04/17/2019
Citi partners with Schroders to launch behavioural finance tool
In doing so, the tool is said to classify users into four investment characters and measure them against nine behavioural traits, local Malaysian newspaper The Star Online reported.