Latest bank results news

• Barclays' IB strategy validated ahead of Bramson clash

  

  Barclays is under pressure from activist investor Edward Bramson to slim down its investment bank. But among top European IBs, it made the second highest amount of revenue in Europe, the Middle East and Africa in 2018, according to new research. The results were less promising for Deutsche Bank, however.

  • 21 Mar 2019

• Investment banks set to suffer despite strong markets

  

  Markets have rallied in Europe and the US so far this year across equities and credit, but participants are feeling gloomy about the prospects for investment banks' revenues in the forthcoming first quarter results.

  • 07 Mar 2019

• Metro launches capital raise following accounting blunder

  

  Metro Bank has obtained a standby underwrite for a £350m ($464m) equity raise to be completed later this year, even as short sellers circle around the bank. The miscalculation in its risk-weighted assets (RWAs) announced last month, and an expected delay in getting permission for internal models to calculate those weightings, are both damaging for its capital ratios.

  • 27 Feb 2019

• Financial markets income holds up for Stan Chart

  

  Standard Chartered posted stronger numbers for financial markets products last quarter than its peers, with the investment bank also reducing credit impairment levels.

  • 27 Feb 2019

• Barclays finds a stick to shake at Bramson

  

  Barclays’ corporate and investment bank performed strongly relative to peers in the last quarter of 2018, helping management make the case for a strong CIB franchise against investor Edward Bramson, who wants it to downscale this part of the group. Although analysts reckon the argument will continue, Aviva Investors announced it would be siding against the activist, after the results were released on Thursday.

  • 21 Feb 2019

• No need to panic over UK banks' China exposure

  

  The UK banking sector has more links to China than the equivalent sectors in the US, Japan, the euro area and South Korea do combined. Analysts are warning that China's growth is slowing, and HSBC’s poor results have been linked to this. But those espousing that view are overstating the connection.

  • 19 Feb 2019

• Credit revenue halves at HSBC

  

  HSBC’s global banking and markets business increased its use of reserve repo and customer deposits for funding in 2018. But it endured a tough fourth quarter, with inflows from credit in its fixed income, currency and commodities (FICC) division sinking by 49.7%.

  • 19 Feb 2019

• NatWest Markets trips up on trading, as RBS cautions on Brexit

  

  Royal Bank of Scotland’s commercial banking division grew its operating profit last quarter, its latest results revealed last Friday, despite corporate clients steering away from spending as they await the outcome of Brexit. Its investment bank, NatWest Markets, endured a difficult quarter, however.

  • 18 Feb 2019

• Levfin and a bad block weigh on Credit Suisse

  

  Credit Suisse’s fourth quarter results showed damage from the high yield and leveraged finance market’s tantrum in the last quarter of 2018. The bank was also hit by a Canada Goose block trade gone wrong.

  • 14 Feb 2019

• Commerz readies for Brexit by moving jobs and clearing activity

  

  Commerzbank has faced some resistance from staff over moves from the UK to continental Europe in preparation for Brexit, although the bank says those who have moved have no regrets. Meanwhile, margin pressure has been weighing on the bank’s corporate clients division, but there were positive signs in its financial institutions business last quarter.

  • 14 Feb 2019

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