11/21/2016
Worst Asia Stocks Better Buy Than Best Bonds for Julius Baer
Julius Baer has a seven percent allocation to emerging market bonds
Investment Banking
11/21/2016
ABN Amro third quarter profit up 19 percent; to shed more jobs
Seven analysts polled by Reuters had forecast underlying profit at 501 million euros.
11/21/2016
Dutch state sells a further 7% of ABN Amro
The transaction is due to be settled on November 21, a year and a day after the state sold the first 23%.
11/21/2016
EIF signs guarantee deals with 5 Bulgarian banks in support of SMEs
The five guarantee transactions are covering two-thirds of the target 600 million euro of total SME funding available under the initiative.
11/18/2016
Top 12 investment banks’ revenue to fall 5%
Coalition expects the revenue of the leading IBs to reduce to $152.2bn this year
11/18/2016
Deutsche Bank considers witholding bonus payouts to former CEOs
Deutsche Bank has had a volatile year.
11/18/2016
Deutsche Bank to Close Brokerage Business in Poland
Deutsche Bank has been undertaking several initiatives under its strategy 2020 to improve the overall business performance.
11/17/2016
Santander buys back asset management business
Chairman Ana Botín unwinds another part of late father’s strategy
11/17/2016
Mediobanca to sell down Generali stake in wealth management drive
Italian bank looks to diversify in face of competition from US rivals
11/17/2016
Investment banks’ profits driven by debt trading
Fixed income, currencies and commodities put in the strongest quarterly performance
11/17/2016
UBS London Operations to Stay Put for Time Being
The Swiss bank’s chairman said it will not change its London operations any time soon
11/17/2016
Dutch State Earns €1.3 Billion on ABN AMRO Sell Off
ABN Amro was nationalized duriing the financial crisis of 2008
11/16/2016
BNP Paribas Most Profitable European Bank in U.S., Filings Show
Foreign investment banks revealed figures under new Fed rule
11/15/2016
Gloom pervades German banking
It’s really hard for banks to make money here.
11/15/2016
Luxembourg–European Investment Bank Partnership Seen As Example To Improving Climate Investment
Access to public funds to reduce investment risk is essential to scale up climate finance from private investors.
11/14/2016
UniCredit boosts capital in Q3 despite net profit drop
UniCredit said it wrote down doubtful loans for 1 billion euros in the period so that coverage of problem loans stood at 52.6 percent at the end of September from 52.4 percent three months earlier.
11/14/2016
Barclays sells off Spanish and Portuguese credit card business
The bank said that the sale of its Spanish and Portuguese credit card business will help reduce its risk-weighted assets by £1 billion.
11/14/2016
UniCredit Rises on Speculation of Merger With Societe Generale
The stock has declined 5.1 percent this year, giving the company a market value of 32.6 billion euros. UniCredit is down 53 percent this year.
11/14/2016
In the Papers - RBS judge was misled by bank
Executive pay rules should force boards to consult more closely with shareholders
11/14/2016
UBS to restructure Hong Kong corporate finance, China teams - memo
UBS AG seeks to recoup some of its lost market share in the Asia investment banking business