Hints and tips:
...Its retail business reported a 17 per cent increase in net interest income, while in wealth management and consumer, net interest income rose 26 and 25 per cent, respectively....
...Spain accounted for a quarter of last year’s net profit, but is dwarfed by its emerging markets....
...At least one medium-sized lender, the US branch of Banco Popular, has not yet submitted its report....
...Last month Santander reported an 11 per cent year-on-year increase in net income to €2.42bn in the third quarter....
...On Tuesday afternoon, BBVA confirmed reports that it was preparing an offer for local rival Banco Sabadell....
...The UK, Spain and Portugal drove its performance in Europe — a region that contributed €1.3bn to net profit — thanks to strong net interest income, the difference between lending and deposit rates.But the...
...European lenders received a €100bn windfall over the past two years thanks to the difference between the interest they pay out on deposits and receive on loans, known as net interest income....
...The bank said on Wednesday it earned €2.9bn in net profit in the third quarter, beating the €2.8bn expected by analysts....
...The International Energy Agency estimates that the world needs to improve energy intensity by more than 4 per cent a year between 2020 and 2030, and almost 3 per cent annually thereafter, to reach net zero...
...strategist at ADM Investor Services International, says: “It will be interesting to note whether Powell focuses more on headline growth or the overall strength of domestic demand, particularly as the drag from net...
...Full-year results for Banco Safra show it passed 4mn customers in 2022....
...Bleed to the digital euro would erode banks’ Net Stable Funding Ratios as well as Liquidity Coverage Ratios....
...Banco Santander has said it paid a €224mn windfall tax bill introduced by the Spanish government, costing the country’s largest bank a sum equal to almost 10 per cent of its first-quarter profits.The payment...
...Filippo Alloatti, head of financials at Federated Hermes, an investor in UniCredit, Intesa and Banco BPM bonds, called the government’s approach an “epic fail”....
...Tajani’s attempt to distance himself from the levy comes after prime minister Giorgia Meloni said she took “full responsibility” for the tax, which will apply to net interest income....
...Shares in state-owned Monte dei Paschi di Siena fell 10.8 per cent, while Banco BPM, the country’s third-largest bank, shed 9.1 per cent. BPER Banca, Mediobanca and Banca Generali were also down....
...In Spain, quarterly net profit was more than double market expectations at €456mn, according to analysts at Jefferies, aided by higher net interest income as well as trading revenue....
...State-owned Monte dei Paschi di Siena rebounded 2.5 per cent after dropping by more than a tenth on Tuesday, while Banco BPM added 5.4 per cent....
...Banco de Sabadell rose 9 per cent after the Spanish lender posted €859mn in net profits for 2022, up from €530mn in the previous year....
...As of February 8, just $372mn of net reserves and $3.5bn of gross reserves remained — not enough to cover even three months of imports....
...The bank forecast that net interest income will be more than €12.6bn this year....
...It said the threshold for imposing the 40 per cent tax on the net interest margin, or the gap between banks’ lending and deposit rates, would be based on the difference between net interest income in 2021...
...The wedding of Ricardo Gómez-Acebo Botín, a nephew of Banco Santander chair Ana Botín, was a high society affair outside Madrid this month, attracting gushing Elle magazine coverage of guests’ flower-topped...
...The legal case that loans aren’t securities rests on a 1992 precedent called Banco Espanol....
...The banks working for Casino on the sale of the Assai shares are Itaú BBA, BTG Pactual, JPMorgan, Banco Bradesco, Banco Safra and Santander....
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