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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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Credit Suisse, after two consecutive quarters of losing money, has surprised market participants with an earlier than expected return to profitability. -
Banco Santander’s exposure to the UK came at a steep price in its results for the first half of 2016, with profits down by 32% despite growing lending and customer funds.
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The woes of the Deutsche Bank, proclaimed the world’s riskiest global systemically important bank (G-Sib) by the International Monetary Fund, were compounded on Wednesday morning when it reported second quarter results. Headline figures confirmed that a challenging operating environment, as well as the bank’s painful 2020 restructuring plan, are hitting operations hard.
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Goldman Sachs’s excellent DCM numbers this quarter were driven in large part by the lucrative exit from a large book of ex-Barclays loans, sold from the British bank’s non-core division to a consortium including Goldman last autumn.
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Goldman Sachs on Tuesday reported second quarter results that beat most estimates, with a 74% increase in earnings, continuing a streak of positive quarterly bank results as it cut costs and shook off Brexit-related macro volatility.
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US banks, which opened second quarter reporting this week and last, said Brexit had driven ‘new peaks’ in volumes at trading divisions, with signs of market share gains for the US houses as well.
