Pre-migration untagged articles

Cost-cutting and a strong investment banking performance at HSBC helped the bank to a 10% rise in pre-tax profits in the first half of 2013 on Tuesday. But a fall in revenues disappointed analysts and shareholders.

Dealers of private EMTNs: Non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of < 365 days Dealers of private EMTNs including self-led: Non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers and issues with a term of < 365 days Dealers of structured EMTNs excluding self-led: Structured, non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers, puttable FRNs and issues with a term of < 365 days

CDS: week’s biggest movers — Markit CDX North America investment grade index — Markit iTraxx Europe subordinated financials index — Markit iTraxx Europe senior financials index — Markit iTraxx SovX Western Europe index — Markit iTraxx Europe index — Markit iTraxx crossover index

Helped by a buoyant performance from its investment bank, Barclays made £7.33bn of revenue in the second quarter of 2013, almost flat on the year-ago quarter’s £7.38bn. But its profit was only £142m, as it took £2bn of charges for misconduct.

HSBC’s hire of former UBS banker Adrian Lewis to the new position of head of EMEA ECM — first reported in EuroWeek last week — marked another step in the steady build-up of its equity capital markets franchise as the firm continues its organic growth plan for its investment bank.

Société Générale beat market expectations as it presented second quarter results that were buoyed by figures from its investment bank.

An increase in provisions for bad loans pushed group pre-tax profits at BNP Paribas down by 10% in the second quarter, but a boost in equity business helped its investment bank deliver more stable results.

A strong performance by BBVA’s global markets division helped its corporate and investment banking unit to pre-tax profits of €447m in the second quarter of 2013, a year-on-year increase of €33m.

Lloyds Banking Group and its shareholders were in an upbeat mood on Thursday morning as the bank turned in a strong set of half year results, beating its targets for non-core asset reduction and core tier one capital generation. The bank is now looking forward to beginning its return to the private sector, which some bankers think could start as soon as next week.

Deutsche Bank saw its profits halve year-on-year to €335m as it increased legal provisions in the second quarter of 2013.

Grupo Santander’s global wholesale banking business made a profit before taxes of €611m in the second quarter, down from €695m for the second quarter of 2012. Profits in the group were also lower in the first half of this year compared with 2012, dropping €324m to €1.372bn.

Dealers of private EMTNs: Non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of < 365 days Dealers of private EMTNs including self-led: Non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers and issues with a term of < 365 days Dealers of structured EMTNs including self-led: Structured, non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers, puttable FRNs and issues with a term of < 365 days