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Commerzbank set to double down on Mittelstand and existing clients
Commerzbank’s corporate clients division will focus on small and medium-sized enterprises (SMEs) and cross-selling over pure growth, as it continues with its latest strategic plan.
14 Nov 2019 -
Trading boost lifts UniCredit ahead of new strategy launch
UniCredit’s has chalked up its best quarterly numbers in a decade, its CEO said on Thursday, with the performance of the investment bank lifted by soaring trading revenues. The Italian lender claimed victory on its ‘Transform 2019’ plan, ahead of the launch of a new business strategy early next month.
07 Nov 2019 -
SG trumpets capital growth after restructuring
Société Générale reported a slump in overall profit as part of its third quarter results on Wednesday, but was keen to draw attention to a near-50bp improvement in its capital ratios, thanks to restructuring actions.
06 Nov 2019 -
HSBC prepares to turn screws on investment bank
HSBC is planning to allocate capital away from lower return operations, including the global banking and markets (GBM) division in certain regions, as interim chief executive Noel Quinn revealed disappointing third quarter results on Monday.
31 Oct 2019 -
BNP Paribas excels in fixed income but ramps up provisions on one exposure
BNP Paribas enjoyed a bumper increase in revenues from primary bond issues and fixed income trading in the last quarter, it revealed on Thursday.
31 Oct 2019 -
Hunt for US securitization yield helps Credit Suisse
Credit Suisse’s third quarter results, released on Wednesday, continued a trend for the bank this year: suffering in the primary markets but doing well in trading.
30 Oct 2019 -
Rates, EM hamper Deutsche but debt origination improves
Deutsche Bank posted declines in investment bank revenue on the back of a fixed income trading fall in its third quarter results, released on Wednesday. But debt origination revenue grew. A change in the bank’s reporting structure to reflect its new capital release unit has allowed it to shield the investment bank from costly losses on unwanted assets.
30 Oct 2019 -
Investors ‘wary’ of volatility in Deutsche’s debt after Q3 losses
Restructuring costs led Deutsche Bank to a net loss of €832m in the third quarter of the year, leading investors to doubt the potential for reliable performance in the issuer’s fixed income securities.
30 Oct 2019 -
Nomura weathers rates difficulties in EMEA
Wholesale revenue increased in Nomura for Europe, the Middle East and Africa in the most recent quarter, the bank said on Tuesday, helped by a sturdy rates business.
29 Oct 2019 -
Barclays outperforms with help from sterling and its treasury
Barclays’ corporate and investment bank exceeded profit expectations in the third quarter, the bank showed on Friday, helped by a mix of better performance across markets and banking, the devaluation of sterling, and income from treasury sales.
25 Oct 2019
