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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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Commerzbank posted stellar results on Friday, sending its stock soaring in a week where fears about the banking system ravaged markets. And though the investment bank saw revenues fall, Michael Reuther, its chief, told GlobalCapital exclusively that the division is set to increase its client base, and even enter some new markets. -
BNP Paribas’s corporate and institutional bank shone in 2015, with revenues up 13.2% compared with the previous year. And while some have criticised the bank for letting its strategy rely too much on competitor retrenchment, BNPP's head of CIB Yann Gérardin said it was already well into its strategic transformation.
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Natixis defied the grim tone of the markets in the fourth quarter of 2015 as its capital markets business reported an increase in revenues. The bank argues its results vindicate its progress towards an asset-light model, as the investment solutions business bumped up revenues.
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Société Générale’s fourth quarter profits, released on Thursday, were up 19.5% on the year to €686m. But the profit bump could not overcome the market’s thirst for bank blood and its shares plummeted 13% on the open.
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UniCredit released its fourth quarter results on Tuesday, but these did little to reassure stakeholders, who have already seen the bank’s share price fall this year to its lowest level since 2012. However, while the bank as a whole took a hit, its corporate and investment banking division (CIB) grew year on year.
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BNP Paribas enjoyed a 13.2% rise in corporate and institutional banking (CIB) revenues in 2015 over 2014 — and is outlining plans to gain more market share at the expense of some of its “retreating European peers”.
