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GC Asia
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ABN Amro to slim down CIB
ABN Amro plans to quit corporate banking outside Europe, except for clearing, and also exit trade and commodity finance in a shake-out of its corporate and investment banking activities.
12 Aug 2020 -
Market welcomes new Natixis CEO Namias
Investors appeared positive on Natixis's prospects after Nicolas Namias replaced François Riahi as chief executive. Meanwhile, the bank has said it will reposition its equities division after it endured another tough quarter.
06 Aug 2020 -
UniCredit turns profit with bolstered MDA buffer
UniCredit returned to profit in the second quarter with a larger pool of excess capital to reward shareholders from next year, if the European Central Bank gives its permission.
06 Aug 2020 -
Commerz warns on corona impact for corporate clients
Commerzbank expects its corporate division to remain under pressure from the coronavirus crisis in the second half of the year, after a second quarter where international firms rushed to take out debt products but the bank was stung by a large single provision, understood to relate to disgraced payments company, Wirecard.
05 Aug 2020 -
Embattled HSBC to press on with restructuring
HSBC revealed a big increase in credit loss provisions in its second quarter results on Monday, as it vowed to step up the pace of its strategy shift. In the investment bank, it was a strong outing for fixed income and currencies trading, but a disappointing quarter for equities.
03 Aug 2020 -
SG to derisk structured products
Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.
03 Aug 2020 -
Loan loss provisions fly past expectations for UK banks
UK lenders used the second quarter of 2020 to ramp up their provisions against loan losses, greatly exceeding the market’s already high expectations for new reserves
31 Jul 2020 -
Gottstein creates unified investment bank at Credit Suisse
Credit Suisse is bringing its disparate markets and investment banking operations into one division, it announced on Thursday, as new chief executive Thomas Gottstein draws out a fresh structure for the bank. The bank is aiming to create savings to be invested elsewhere, but did not give much detail about where cuts would be made.
30 Jul 2020 -
Record quarters for DCM and ECM at Barclays
The primary capital markets issuance boom of the past three months helped Barclays report strong investment bank results for the second quarter on Wednesday.
29 Jul 2020 -
DB’s Johnsson: perceptions of our ECM franchise have changed
Deutsche Bank on Wednesday released a stellar set of results for origination for the second quarter, compared with consensus estimates, its previous results and to a lesser extent competitors. Henrik Johnsson, co-head of European banking and capital markets, said that the bank’s strengths became more valuable during the coronavirus crisis.
29 Jul 2020
