Latest bank results news

• Risk costs snag Commerz as outlook worsens

  

  Michael Reuther, head of Commerzbank’s corporate clients division, expects more firms to enter the bank’s "intensive care department" as economic pressures weigh on European corporates. And in his unit the cost of risk more than tripled in the second quarter, helping to shrink operating profits.

  • 07 Aug 2019

• Créd Ag readies to ‘switch’ off next year after capital gain

  

  Crédit Agricole said it could start to unwind the ‘switch 2’ capital guarantee provided by its regional banking network in 2020 after it revealed a small boost to its common equity tier one (CET1) ratio in its second quarter results on Friday. Meanwhile, capital markets and investment banking operations did not perform well over the quarter.

  • 05 Aug 2019

• ‘Challenging’ environment prompts Flint exit from HSBC

  

  John Flint quit his position as CEO of HSBC on Monday after less than two years in the job, as the bank warned of difficult global conditions in its second quarter results. The bank’s chair Mark Tucker implied the desire for change related to a problem with Flint’s execution of the bank’s strategy, rather than the strategy itself, but the departure has also raised questions about HSBC’s Chinese operations.

  • 05 Aug 2019

• Loan loss provisions balloon at Natixis CIB from single French file

  

  Profits at Natixis’s corporate and investment bank fell sharply in the second quarter after provisions for credit losses tripled, it showed in results released after market close on Thursday. The bank was also keen to display its sustainable finance initiatives.

  • 02 Aug 2019

• Barclays beats consensus with FICC to the fore

  

  Barclays performed better than its peers in fixed income, currencies and commodities over the first half of the year, helping it beat consensus estimates when it reported results on Thursday. The slide in sterling and a one-off gain from the IPO of Tradeweb flattered the results in its home currency.

  • 01 Aug 2019

• Monte dei Paschi offloads another €455m of NPLs to Cerberus

  

  Monte dei Paschi di Siena (MPS) continues to shed its non-performing exposures, selling a €455m portfolio to Cerberus on Wednesday following the sale of €690m to Illimity on Tuesday.

  • 01 Aug 2019

• SG pays for restructuring, cost savings pay off for BNPP

  

  The focus was on costs in the second quarter results of BNP Paribas and Société Générale’s investment banks, announced this week. BNP Paribas managed to keep a lid on expenses and could boast of "positive jaws", but SG took on a big charge from its restructuring.

  • 01 Aug 2019

• Nomura wholesale division turns profit, EMEA lags

  

  Nomura’s wholesale business in Europe, the Middle East and Africa underperformed other regions in the last quarter, with the results coming out after the bank announced it is to scale back trading operations there. But the wholesale division registered a profit overall — a rare occurrence of late.

  • 31 Jul 2019

• Less levfin activity weighs on Credit Suisse

  

  Underwriting revenues fell for Credit Suisse in the second quarter, it said on Wednesday, although fixed income trading and sales was a bright spot in its results.

  • 31 Jul 2019

• Metro returns mortgages to Cerberus, plans MREL raise

  

  Metro Bank has successfully offloaded a mortgage portfolio to Cerberus, is planning to raise debt capital for its minimum requirements for own funds and eligible liabilities (MREL), and is finding a new chair to replace founder Vernon Hill, it said in its second quarter results on Wednesday.

  • 25 Jul 2019

Bank results news archive