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
-
JP Morgan’s 19% fall in earnings for the first quarter of 2014 was partly caused by a 21% decline in revenue from its fixed income business.
-
Largest US home lender sees a rise in profit for the first quarter, in spite of housing market pressures. -
Intesa Sanpaolo has taken a €6.8bn impairment in its fourth quarter results, following the same strategy as UniCredit in hammering 2013’s P&L to get a clean balance sheet ahead of the stress test and asset quality review double-whammy due later this year.
-
After announcing a spectacular €9.3bn goodwill writedown and €7.2bn loan loss provision, UniCredit is trying to get back on the front foot, with a plan to deploy more capital in central and eastern Europe, while hiving off its non-core portfolio into a standalone business.
-
Citi adjusted its 2013 results downwards on Friday as oil services company Oceanografia’s creditors continue to suffer from the company’s suspension from being awarded new Mexican government contracts. As the company’s bonds plunged into the teens, investors said the situation was a reminder of the risks of buying unrated corporates.
-
HSBC is going to shareholders to have the EU’s maximum 200% bonus for “material risk takers” approved, but returned disappointing full year numbers which sent shares down 3.5%. The investment bank reported an increased underlying profit, but that was mostly thanks to lower impairment charges.
