Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
A big provision for mortgage litigation dented Goldman Sachs’s second quarter results, but strong M&A activity lifted investment banking revenues in a lacklustre quarter for underwriting.
-
Though Bank of America remains by far the most fined bank in history, in the second quarter results for the US banks, it was Goldman that felt the heat, sucking up a $1.45bn provision for mortgage litigation and regulatory matters.
-
Bank of America Merrill Lynch’s second quarter profits have jumped by 132% year-on-year, but with a fall in global banking income and small growth elsewhere, the profits were largely driven by a drop in litigation costs. -
European investment banks could be set to lose market share, both globally as US volumes outpace Europe, and in their home markets, according to research from Morgan Stanley’s bank equities team.
-
JP Morgan beat market expectations for earnings per share, but its fixed income markets business took a battering, with a decrease of 21% in revenues year on year.
-
Royal Bank of Canada kept the good times going on Thursday, posting record C$2.5bn profits. RBC Capital Markets, the investment bank, kicked in C$625m of that total, up 23% from last year.
