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The Swiss bank posted the biggest quarterly profit on record thanks to an accounting gain related to its acquisition of Credit Suisse, but weak performance at its former rival hints at a long road back to growth
Imminent half year results will reveal whether the new Swiss bank is a hastily patched monster or a new financial powerhouse
Banks are determined to stick to their growth plans as they see cause for optimism in investment banking thanks to increasing confidence and a growing pipeline of deals
Wall Street is urging the Fed to be cautious despite the regulator hinting higher capital requirements are coming
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The European Parliament’s legal service has hit back against a proposal by the European Central Bank (ECB) to make banks provision non-performing loans (NPLs) more aggressively, as analysts grilled the management teams from Italy’s largest banks on how they could handle the problem. -
Credit Suisse said in its third quarter numbers that its balance sheet had been swollen by another Sfr5.2bn of operational risk assets related to RMBS settlements it reached earlier this year and last year — demonstrating the absurdity of operational risk rules that in effect charge the bank’s shareholders twice for the same offence.
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BNP Paribas' management team used the French bank's third quarter earnings call to quash rumours that it was pursuing a major cross-border acquisition in Europe, after the bank was linked to a bid for Commerzbank in September.
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Deutsche Bank is still struggling to deploy the €8bn of new capital it raised in March as well as excess liquidity that is streaming back to the bank, leaving its third quarter numbers looking disappointing.
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Despite a disappointing performance in FICC, Barclays is standing firm on its plans to allocate more balance sheet to the division and continue its run of senior hires in the business.
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Expectations for third quarter earnings at Europe’s investment banks have taken a knock, following a disappointing round of US bank earnings that saw trading performance remain muted. European banks may also be losing market share in trading, and any poor performance will be compounded by the strong euro.
