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
-
Banco Santander made €5.82bn attributable profit in 2014, as its gross profits rose in all its nine key markets, for the first time since 2007.
-
Nomura reported a sharp decline in investment banking revenues and profits for the final quarter of 2014 — the third quarter of the bank’s 2014/2015 fiscal year — on Thursday. The Japanese bank suffered from plummeting revenues in its fixed income business, particularly in EMEA and the Americas.
-
Deutsche Bank’s fourth quarter numbers show the firm defying doubters who questioned the wisdom of its recommitment to fixed income trading. The bank reported fourth quarter debt sales and trading revenues up 13% to €1.15bn, against a backdrop of its US peers reporting drops of 16% (Citi) to 30% (BAML).
-
Morgan Stanley reported lower than expected fourth quarter profits on Tuesday. Earnings per share, excluding accounting adjustments, fell from 50 cents in the fourth quarter 2013 to 39 cents, which was short of consensus expectations of about 50 cents. Despite this, the bank says it is on track to benefit from a continued fall in funding costs, further falls in risk weighted assets and compensation ratios.
-
Goldman Sachs fourth quarter results, announced on Friday, were buoyed by an increase in activity in mergers and acquisitions, a sector in which the bank led the market with $1tr worth of announced and completed deals over 2014.
-
The first full year results for the major US investment banks show that little changed in Q4 — litigation costs and poor trading revenues, particularly in fixed income, are still causing most of the pain.