investment-banking
Top StoriesCredit Suisse to Promote Low to Asia Pacific CEO -Sources
Top StoriesUBS Trades Way Through First Quarter to Land Best Profit in 15 Years
Top StoriesGlobal Equities Waver on Inflation View as Falling Oil Supplies Lift Prices
Top StoriesFrance’s Edf Could Sell Renewables to Focus on Nuclear – Bfm
People’s Bank Is Revolutionising Sri Lanka’s Banking Industry
Date: March 30, 2022
People’s Bank is a state-owned commercial bank that was established in 1961 in Colombo, Sri Lanka. It offers retail and corporate banking services with the aim of contributing to quality of life, enterprise development and the national economy. Ranjith Kodituwakku, a veteran banker who joined People’s Bank in 1982, has held the position of CEO...
Goldman Sachs Becomes First U.S. Bank to Quit Russia
Date: March 10, 2022
By Matt Scuffham, Sinead Cruise and Niket Nishant NEW YORK/LONDON (Reuters) – Goldman Sachs Group Inc said on Thursday it was closing its Russian business, becoming the first major U.S. bank to exit following Russia’s invasion of Ukraine and putting pressure on rivals to follow. Operating in Russia has become increasingly difficult for Western financial...
Barclays Boosts Investor Payouts After Record Annual Profit
Date: February 24, 2022
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance. The British lender on Wednesday reported a pretax profit of 8.4 billion pounds ($11.42 billion),...
Goldman Sachs to Refresh Targets and Set Path to Growth
Date: February 17, 2022
By Matt Scuffham NEW YORK (Reuters) – Goldman Sachs will on Thursday update its main financial targets and detail growth plans for the next three to five years, hoping to win over investors yet to be convinced by its long-term strategy. Wall Street’s premier investment bank is reshaping itself after a turbulent decade during which profit at...
France’s Credit Agricole Beats Profit Target a Year Early
Date: February 11, 2022
LONDON (Reuters) -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s second-biggest listed bank said on Thursday. The lender said it would present a new strategic plan for 2025 on June 22 after underlying net...
French Bank SocGen Confident for 2022 After Profit Rebound
Date: February 11, 2022
By Matthieu Protard PARIS (Reuters) -Societe Generale struck a confident note for 2022 on Thursday after the French bank‘s profit hit 1.79 billion euros ($2.05 billion) in the fourth quarter on lower pandemic-related charges and a retail banking and equity trading rebound. France’s third-largest listed bank after BNP Paribas and Credit Agricole also said it expected to improve profitability...