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
-
Santander, the eurozone’s largest bank by market capitalisation, saw year-on-year profits grow by 8.1% to €1.3bn in the first quarter of 2014, the highest in the last eight quarters, in what the bank said illustrated its “return to more normal levels” of profitability. -
Deutsche Bank shrugged off market about its profits on Tuesday, reporting a 34% drop in net income that pleasantly surprised most analysts. But investors quickly turned their attentions to the German lender's capital ratios, which are the lowest of its peers — concerns which the bank moved to address on Monday night with plans for an AT1 bond.
-
The Federal Reserve has asked Bank of America to suspend its increased dividend, after the bank told the Fed it had used incorrect data in calculation of regulatory capital ratios.
-
The stonking performance of advisory business in Goldman Sachs and Morgan Stanley’s first quarter results cushioned the blow of an industry-wide slump in fixed income trading revenues. Even within fixed income, both institutions survived the downturn better than their peers, with Morgan Stanley actually seeing an improvement, while Goldman saw an 11% decline in FICC revenues to $2.85bn.
-
Barclays has been preparing the ground ahead of an expected crunch in FICC revenues in its first quarter results, which it reports on May 6. It has also moved to reassure the market that its strategy for the investment bank is under control, with details of another strategy review due to be announced on May 8, and a reshuffle of the investment bank’s management team.
-
Barclays CEO Anthony Jenkins said at the bank’s AGM that its fixed income, currency and commodities (FICC) business “continued to face many of the challenges seen in the second half of 2013 with a significant year-on-year reduction in FICC income, reflecting difficult market conditions and a strong comparative performance for Q1 last year.”
