Hints and tips:
...These included cutting the risk-weighted assets allocated to the trading business by 25 per cent, closing businesses such as cash equities or municipal bond trading or even raising capital to buy a sizeable...
...Trading revenue dropped 18 per cent to £7.2bn, while investment banking fees declined 12 per cent to £2bn....
...Barclays has pledged to return £10bn to shareholders over the next three years as part of an ambitious plan by chief executive CS Venkatakrishnan to boost revenues and rebalance the lender away from investment...
...In return, they hope to get thiccc trading commissions. However, the risks can also flow both ways....
...As the market grows, investors are more actively trading private credit loans that are halfway to maturity (or longer)....
...The stock sank further last month after chief executive CS Venkatakrishnan revealed that third-quarter profit fell 16 per cent, as both sides of its transatlantic business underperformed peers....
..., Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, SocGen, UBS/CS and Wells Fargo will clock in at about $141bn this year....
...CS Venkatakrishnan, chief executive of Barclays, said that the transaction “will help create new distribution channels for our unsecured lending and deposit businesses” and was a “further demonstration of...
...While we all reminisce about that high-stakes “CS Weekend”, as it is often known, we must learn the lessons from this separate drama....
...Apollo’s Sløk added that “triple-Cs in the US and in Europe are a reflection of worries about a recession or not....
...statement, Britvic FY, Deere Q4, Johnson Matthey HY, Kingfisher Q3 trading update, Rotork Q3 trading update, Sage FY, Severn Trent HY, Thyssenkrupp FY Thursday EU: ECB publishes minutes of last monetary...
...The company’s shares are down more than 12 per cent this year, and are trading close to their lowest levels since the Covid-19 pandemic....
...CS’s bail-in-bonds) and the new equity securities (e.g....
...Chief executive CS Venkatakrishnan is under pressure to reduce Barclays’ reliance on investment banking and return more capital to investors, with a public announcement expected in February....
...Equity trading fell 5 per cent year on year when the effect of a past debt overissuance error was stripped out....
...For that reason UBS shares have kept trading at a premium to the peer group based on the 2025 forecasts: The above chart is from Morgan Stanley, which puts forward the fine-by-2025 theory in a note published...
...on an unregistered trading platform to create the misleading appearance of active trading in TRX....
...As Appaloosa’s David Tepper told the FT after the CS AT1 were nuked: “If this is left to stand, how can you trust any debt security issued in Switzerland, or for that matter wider Europe, if governments...
...New CEO Sergio Ermotti has already flagged that investment bank trading flows have been weak in the US and worse both for APAC and EMEA, so divisional earnings will probably be down year-on-year by more...
...Now, chief executive CS Venkatakrishnan is pinning his hopes on a strategic review to fix the British bank’s troubles. We’re also reading and listening to . . ....
...time as it appeared to escape the CS obliteration scot-free....
...Barclays shares fell more than 6 per cent in early trading in London....
...Preserve the personal touch During my few months of treatment, I needed to remain out of the office, unable to drop by our branches, visit regional locations, wander on to trading floors, chat to colleagues...
...CSG is trading at P/TBV of 0.2x 2024E, UBS is trading at 7.6x P/E and Julius BAER at 9.6x PE 2024E on our forecasts....
...In a change from the 2008 rescues, the Swiss did wipe out some CS bondholders, but taxpayers could still be on the hook if UBS ends up taking really big losses on some CS assets....
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