Latest bank results news

• Ringfences at the ready as UK banks reassure on reforms

  

  The large British banks have just completed one of the most complex structural reforms they’ve ever undertaken, severing their UK retail businesses from their wholesale operations to meet ringfence regulations. The sheer disruption of the changes has led competitors to scent blood, while the UK banks have been anxious to reassure their clients that nothing will change.

  • 16 Aug 2018

• UniCredit grilled over Yapi as Turkey crisis deepens

  UniCredit’s senior management team had to fend off a barrage of questions about the bank’s exposure to Turkish bank Yapi Kredi this week, as yields spiked on Turkish local currency debt and the lira slid further against the dollar. UniCredit’s equity stake is accounted at €2.5bn, but worth less than €1.2bn in today’s market.

  • 09 Aug 2018

• ABN unveils cuts to CIB business to boost returns

  

  ABN Amro said on Wednesday that it would cut staff and risk-weighted assets from its corporate and investment banking business, aiming to push return on equity at the unit from 5.8% in the first half of this year to above the bank’s 10% target.

  • 09 Aug 2018

• TP ICAP pivots to Paris for post-Brexit hub, raises broker pay

  

  Interdealer broker TP ICAP revealed on Tuesday that it had chosen Paris as its post-Brexit hub in the European Union, as new CEO Nicolas Breteau called for the flexibility to pay company brokers the "market rate".

  • 07 Aug 2018

• RBS’ first dividend since the crisis opens path for more UK selldowns

  

  Shares in RBS rose 3.5% on Friday morning after the UK bank unveiled its first dividend since it was rescued during the financial crisis, paving the way for more share sales by the UK government once the lockup from the last trade comes off in September.

  • 03 Aug 2018

• Barclays' markets biz thrives on equities

  

  Barclays ramped up its leverage and commitments to repo and prime finance, helping the firm’s markets business score a revenue bump of 11% and beat analyst expectations, largely thanks to surging numbers from the bank’s equities business.

  • 02 Aug 2018

• Deutsche Bank slashes repo book as Sewing cuts bite

  

  The package of business cuts unveiled by new chief executive Christian Sewing earlier this year has already started to bite on Deutsche’s balance sheet, with trading assets plunging and borrowing in repo down 95%. Despite the cuts, though, the bank beat rock bottom expectations this quarter, but still faces a challenge to return to sustainable profit-making, according to analysts.

  • 26 Jul 2018

• Goldman and Morgan Stanley reassure investors on levloan boom

  

  Management at Goldman Sachs and Morgan Stanley used second quarter earnings calls to reassure investors about their exposure to leveraged loans, under questioning from RBC Capital Markets’ Gerard Cassidy, as fears grow about leverage levels and weak covenants.

  • 19 Jul 2018

• Deutsche Bank sees worst CEO rating

  

  Deutsche Bank has seen the biggest fall among large investment banks of in employee approval of its CEO, according to analysis from UBS’s banks research team. The news comes as the German bank’s new boss, Christian Sewing, rolls out extensive cuts to international trading operations and a refocusing of efforts on Germany.

  • 19 Jul 2018

• Goldman: always believing

  

  With Lloyd Blankfein, arguably Wall Street’s most successful CEO, stepping down, Goldman Sachs is ready to face up to a new challenge. Fortunately for David Solomon, his replacement, the bank’s unique model is working properly again.

  • 18 Jul 2018

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