Latest bank results news

• Leveraged loan worries dominate US bank earnings

  End of year earnings calls at the US banks all featured anxieties about the exposure of the firms to a leveraged finance market that was looking increasingly stretched through year end, with some bridges said to be hung and discounts offered on risk positions.

  • 17 Jan 2019

• Barclays bounce-back breaks top five DCM ranking

  All of the top five DCM banks by revenue are US houses — for the third year running — though the resurgent Barclays cracked the top five by volume this year, according to full year 2018 figures from Dealogic.

  • 03 Jan 2019

• Natixis share price plunges after EQD hedging loss

  

  Natixis’s share price plunged on Wednesday after the bank reported a €260m hedging loss in its Asian equity derivatives business, an event which some analysts say other firms could suffer in 2019.

  • 19 Dec 2018

• CS argues new look levfin biz is safer

  

  Credit Suisse used part of an investor day on Wednesday to offer a staunch defence of its leveraged finance business, which forms a larger part of its investment banking and markets business than at its major competitors, but which has seen increasing regulatory scrutiny this year.

  • 13 Dec 2018

• LCH’s SwapClear clears over $1qn in 2018

  

  LCH, London Stock Exchange Group’s majority-owned clearing house, cleared over one quadrillion dollars of over-the-counter interest rate derivatives in 2018.

  • 03 Dec 2018

• SG signs US deal on sanctions violations

  

  Société Générale has agreed to pay $1.34bn in fines and an enhanced monitoring programme for violating US sanctions against Cuba, Iran, Sudan, Libya, Myanmar and North Korea, according to notices issued by US agencies on Monday.

  • 20 Nov 2018

• Carige could pay 15% for part of tier two

  

  Banca Carige’s planned tier two bond, which tides it over until it can raise equity, will present the FIG market with some unusual features. But the unfamiliar intervention from a branch of Italy’s deposit guarantee scheme appears not to have roused the European Commission’s attention with regard to state aid rules.

  • 15 Nov 2018

• Carige to sell tier two converting to shares

  

  Banca Carige announced its capital recovery plan on Monday, relying on friends and family to help it keep going. Italian banks have agreed to support it with €320m though the interbank deposit protection fund (FITD), and it will also be looking to existing shareholders.

  • 13 Nov 2018

• UniCredit plans to split its funding strategy

  

  UniCredit said in its third quarter results on Thursday that it would move to a model in which all of its legal entities were self-funding, gradually minimising its intra-group exposure.

  • 08 Nov 2018

• Credit Suisse claims to beat the Street in capital markets

  

  Credit Suisse made a bold claim in its third quarter numbers — to topping the table for improvement in advisory and capital markets since it started its restructuring in 2015. But despite the investment banking momentum, the bank’s shares slid on Thursday as it reported a loss in its global markets business.

  • 01 Nov 2018

Bank results news archive