Latest bank results news

• 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

• Rates, credits hurt HSBC’s global markets revenue

  

  HSBC recorded better profitability and higher revenues at the group level for the first nine months of 2018, with Asia continuing to play a key role. But the bank’s global markets business took a hit.

  • 29 Oct 2018

• Deutsche Bank’s wallet share shrinks again — except in stretched levfin market

  

  Another poor set of results from Deutsche Bank left analysts wondering if radical reforms announced earlier this year will be enough to stop the bank’s slide.

  • 25 Oct 2018

• Barclays trading drive bears fruit

  

  Barclays’ breakneck pace of investment into its trading businesses has borne some fruit in the third quarter of this year, with a 19% increase in markets income to £1.16bn. But banking was softer, and the results do not yet allow the firm to dismiss demands from Edward Bramson, the activist investor, to shrink the investment bank.

  • 24 Oct 2018

• US IB results lifted by IPO action

  

  Results broadly beat expectations across US banks last quarter, but debt capital markets revenues could not keep apace with IPO underwriting on the investment side of the businesses.

  • 18 Oct 2018

• 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

Bank results news archive