investment-banking
BankingBNP Lays Off a Dozen China Dealmakers Amid Fee Plunge
InvestingMediobanca Shares Slide 8% Following Revenue Miss, Nii Guidance Lowered
BusinessMediobanca Shares Slide 7% Following Revenue Miss
BankingEurope’s Banks Brace for Tougher Competition Under Trump 2.0
Europe’s Banks Brace for Tougher Competition Under Trump 2.0
Date: November 11, 2024
By Sinead Cruise and Tommy Reggiori Wilkes LONDON (Reuters) -European banks face an even tougher task to close an earnings gap on U.S. rivals, as Wall Street awaits a new era of financial deregulation under a second Donald Trump presidency. Lenders in the euro zone and Britain have been hobbled by poor profitability and weak...
Credit Agricole’s Shares Fall as Q3 Revenue Misses Forecasts
Date: November 6, 2024
By Mathieu Rosemain PARIS (Reuters) – Credit Agricole SA shares fell nearly 6% after the French bank reported mixed quarterly results, marked by record investment banking sales, a slightly smaller-than-expected drop in earnings and a surprise fall in insurance revenues. Bank-wide third-quarter revenue also missed estimates, dragged down by its consumer finance and insurance businesses....
Fraport Says Germany’s High Costs Slow Travel Recovery at Frankfurt Airport
Date: November 5, 2024
(Reuters) -Frankfurt Airport operator Fraport posted on Tuesday a 2% core income miss and a modest increase in its passenger numbers during the third quarter, as high location costs for German carriers hindered a recovery in travel demand. Shares in Fraport fell as much as 3% in morning trading. Fraport said its core income (EBITDA)...
Citi Hires Top Dealmaker Jeff Stute From Perella to Bolster Healthcare M&A Ranks
Date: November 4, 2024
By Sabrina Valle NEW YORK (Reuters) – Jeff Stute, a veteran investment banker with a career spanning three decades at Perella Weinberg Partners and JPMorgan Chase, is joining Citigroup as a vice chair focused on healthcare mergers in North America, according to a memo seen by Reuters. The move is expected to bolster Citi’s healthcare...
Hsbc, Barclays and StanChart Jostle for US Banking Riches, Unruffled by White House Race
Date: November 1, 2024
By Lawrence White and Sinead Cruise LONDON (Reuters) – Britain’s big global lenders HSBC, Barclays and Standard Chartered are vying to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans. At stake is a growing pool of U.S. commercial banking revenues, which reached $429 billion in 2023...
Goldman Sees Oil Prices Holding Around $76/bbl in 2025 on Ample Supply
Date: October 24, 2024
(Reuters) – Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare capacity among major producers, with concerns easing over a potential disruption in Iranian supply, it said in a note on Tuesday. Overall, we still see the medium-term risks to our $70-85/bbl range...