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GC Asia
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Deutsche points to 'sustainable' investment bank revenue growth
At the end of a strong year, Deutsche Bank told investors that its investment bank had not simply benefitted from a rising tide lifting all boats, but that it would be able to carry on generating much of the extra revenue it created in 2020. It also boasted of working on a number of European sovereign debt deals.
10 Dec 2020 -
Gold bugs boosted banks' precious metals desks
As investors sought gold and silver as a hedge against inflation and uncertainty, investment banks with the capabilities to act in these markets benefitted. Some made more than $100m in precious metals in the third quarter, according to Coalition Greenwich.
18 Nov 2020 -
Commerz sees trade green shoots as vaccine update boosts stock
Commerzbank has endured a tough year but, with a new strategy on the way, loan impairments lower than at many peers, and executives seeing an uptick in its trade finance business, the worst may be behind it.
12 Nov 2020 -
Créd Ag shares in capital markets uplift
Crédit Agricole benefitted from brisk capital markets activity in the third quarter, its results on Tuesday showed, while it has also set up a private investment banking division for wealthy individuals and families.
10 Nov 2020 -
UniCredit CIB raises revenue as trading flies
UniCredit’s CEO Jean Pierre Mustier delivered an upbeat assessment of the bank’s third quarter results on Thursday, confirming its profit and provisioning guidance for the year, though debt capital markets revenue sagged.
05 Nov 2020 -
SG recovers from structured product slaughter but sees smaller corporate boost
Société Générale’s third quarter investment banking figures showed a sharp improvement from earlier in the year, as the impact of the European dividend cancellations and losses on complex structured products washed out of the numbers. But the French firm’s financing activities, geared more to aircraft and project lending than its rivals, have seen less benefit from booming corporate debt markets.
05 Nov 2020 -
BNP Paribas benefits from corporate funding boom
BNP Paribas reported strong third quarter results, helped, like other investment banks, by booming capital markets business as corporates sought to strengthen balance sheets and active issuance spurred higher than usual trading volumes.
03 Nov 2020 -
ECM fees triple at Credit Suisse
Fee growth from Credit Suisse's equity capital markets business supported its newly established investment bank, its third quarter results on Thursday showed.
29 Oct 2020 -
Deutsche's investment bank makes almost €1bn, again
Deutsche Bank's fixed income and currency bankers continued a strong run in the third quarter, the firm's results on Wednesday showed. Profit before tax at the investment bank has now been enough to cover losses from the capital release unit for two consecutive quarters.
28 Oct 2020 -
Credit business shines as HSBC vows to speed up change
HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.
27 Oct 2020
