investment-banking
Top StoriesUniCredit Focused on “internal Delivery”, Open to M&A in All Its Markets
Top StoriesInvestment Banks’ Trading Revenue Likely to Shrink, Barclays Boss Says
FinanceJPMorgan, BofA Cautious on Job Cuts as Goldman Layoffs Loom
Top StoriesBoeing Deliveries Slip to Five-Month Low in July
Robust Earnings Support European Shares; Eyes on BoE Rate Decision
Date: August 4, 2022
By Bansari Mayur Kamdar (Reuters) – European shares rose on Thursday following strong results from a slew of companies, with focus squarely on Britain’s central bank that is expected to lift interest rates by the most since 1995. The pan-European STOXX 600 index gained 0.3%, with Germany’s DAX up 0.7%. The Bank of England is...
Credit Suisse Shares Falter on Bleak Ratings News
Date: August 2, 2022
(Reuters) – Shares of Credit Suisse fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days after it appointed a new top boss to help it recover from a string of scandals and losses. Moody’s Investors Service downgraded the group’s senior unsecured debt ratings by one...
BNP Paribas Profit Beats Estimate as Bad Loan Provisions Dip
Date: July 29, 2022
By Julien Ponthus PARIS (Reuters) – French bank BNP Paribas reported better-than-expected profit in the second quarter, after bad loan provisions dipped despite the economic slowdown and as businesses remained buoyant, particularly in its investment banking division. France’s biggest-listed lender said on Friday its net income rose 9.1% to 3.18 billion euros ($3.25 billion) year-on-year...
Barclays Blunders Overshadow Strong Trading Performance
Date: July 28, 2022
By Lawrence White and Iain Withers LONDON (Reuters) – Barclays’ profit was dented by a 1.9 billion pound ($2.3 billion) hit for regulatory missteps, including having to buy back billions of dollars of securities the bank sold in error, overshadowing an otherwise solid performance. The British lender on Thursday reported pretax profit of 3.7 billion...
Restructuring Whiz Koerner Lands in Credit Suisse CEO Hot Seat
Date: July 27, 2022
By Oliver Hirt ZURICH (Reuters) – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the Swiss bank embarks on yet another campaign to get back on solid ground. Koerner, who cut his teeth as a management consultant, will take over next...
Credit Suisse Names New CEO to Overhaul Investment Bank as Losses Mount
Date: July 27, 2022
ZURICH (Reuters) – Credit Suisse Group has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses. The Swiss bank has dubbed 2022 a “transition” year with...