capital-and-liquidity
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BNP Paribas Wins All Regulatory Approvals for Sale of Bank of the West
Date: January 18, 2023
PARIS (Reuters) -BNP Paribas, France’s biggest listed bank, said on Wednesday that it had received all the necessary regulatory approvals to complete its previously announced sale of Bank of the West to Bank of Montreal. BNP Paribas added that this transaction was expected to close on Feb 1. Bank of Montreal agreed in December 2021...
Austrian Regulator Orders System-Relevant Banks to up Capital Buffers
Date: December 22, 2022
BERLIN (Reuters) – Austrian banking regulator FMA said on Thursday it has ordered system-relevant banks in the country to increase their capital buffers by 0.25 percentage points to 0.5 percentage points, in response to uncertainty triggered by the war in Ukraine. The buffers are to be built up gradually by end-2023, FMA said in a...
Ecb, UniCredit Clash Over Capital Plans, Russia Presence, Ft Says
Date: November 7, 2022
(Reuters) – The European Central Bank (ECB) has clashed with UniCredit over the Italian lender’s plans to return cash to shareholders and its failure to leave Russia, the Financial Times reported on Sunday. The ECB had objected to UniCredit’s commitment to distribute 16 billion euros ($15.85 billion) to shareholders by 2024, saying the move ran...
Italy’s Leonardo Raises Fy Orders Guidance After Strong Nine Months
Date: November 4, 2022
ROME (Reuters) -Italy’s state-controlled defence group Leonardo on Thursday raised its full-year guidance after reporting a sizeable jump in orders during January-September. In that period, new orders rose by 26.8% year-on-year to 11.719 billion euros ($11.42 billion), with a backlog equal to about 2.5 years of production. Meanwhile, earnings before interest, taxes and amortisation (EBITA)...
ING Groep Launches $1.5 Billion Buyback Despite Q3 Pre-Tax Profit Slump
Date: November 3, 2022
AMSTERDAM (Reuters) – ING Groep NV, the largest Dutch bank, on Thursday reported a quarterly pre-tax profit of 1.38 billion euros ($1.36 billion), below expectations due to one-off charges, and rolled out a share buyback plan worth 1.5 billion euros. Like other large European banks that have reported stable third-quarter results, ING benefited from higher...
Porsche Posts 40% Jump in Nine-Month Operating Profit
Date: October 28, 2022
BERLIN (Reuters) -Porsche reported a 40.6% leap in operating profit to more than 5 billion euros ($4.99 billion) on revenue up 15.7% in the luxury carmaker’s first results since its stock market listing in late September. The company reported an 18.9% return on sales and confirmed its full-year guidance for a 17-18% return, with a...