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Crédit Agricole reorganises loans business amid busy hires and promotions in industry
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
Former MDB sustainable finance expert joins as HSBC rebuilds sustainability leadership
EU’s new real time price feed could be nice to have, but market participants are not sure it’s essential
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Scope Ratings has taken a big bet on the success of Europe’s bank resolution scheme with its covered bond rating method, published for comment on Thursday. Compared to the main rating agencies, Scope drastically downgrades the importance of covered bond collateral.
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UBS and Credit Suisse tackled the damage to their profitability from the Swiss National Bank’s abandonment of the Swiss franc-euro peg in their full year results this week.
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UniCredit and Intesa Sanpaolo reported skinny profits, but knocked it out of the park compared to last year, when both banks took multi billion euro writedowns to prepare their balance sheets for forensic examinations during the European Central Bank’s Asset Quality Review.
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Société Générale has set out to continue transforming its business after solid fourth quarter results showed profit improved 7.5% on the year to €511m. Operating costs were 5.3% lower than last year, bringing the French bank 80% of the way towards hitting its target €900m of savings expected by the end of 2015. -
Deutsche’s European Capital Markets and Treasury Solutions business has a new top team following Raj Bhattacharyya’s move to head Latin American corporate banking and securities out of New York. This left his former role as head of capital markets and treasury solutions for Western Europe vacant.
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Commerzbank’s fourth quarter profit in its Corporates and Markets division was hit by low client activity in rates but boosted by revenues in the FX business from market volatility and improved revenues in commodities.
