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Showing results for Stanley Kinner
...“Kinner . . . is among the most respected voices in the industry,” Mr Thiam said on Wednesday....
...Kinner Lakhani, who also ran European financials research for Deutsche, will join the Swiss lender in Zurich this month as head of strategy and development....
...The oil giant chose a range of international and local banks, including JPM and Morgan Stanley, to handle the historic stock market listing. No surprises there....
...A key aim of the reorganisation is to improve the stubbornly high cost-to-income ratio of the enlarged wealth division to help UBS compete against rivals including BNY Mellon, Bank of America, Morgan Stanley...
...After Morgan Stanley shares rose, the fund sold off about half its position. Lindsay Fortado...
...Well-known foreign banks, including Merrill Lynch, Morgan Stanley and Coutts, have disposed of Swiss operations in the past five years....
...“We knew that the investment bank was always going to be very challenging,” said Kinner Lakhani, banks analyst at Deutsche Bank....
...Kinner Lakhani, analyst at Deutsche, said European banks had been hit by a “perfect storm” of concerns about China, energy and global growth....
...“UBS saw an across-the-board miss in earnings which highlights the market-sensitive nature of its franchises, in the context of increasing regulatory demands,” said Kinner Lakhani, analyst at Deutsche Bank...
...Kinner Lakhani, an analyst at Citigroup, said that with Deutsche valued at little more than half the value of its tangible assets, the market had been looking for a “fresh start”....
...“When it comes to cost savings, the devil is in the detail, there was very little detail [from Deutsche],” said Kinner Lakhani, banks analyst at Citigroup, blaming the lack of clarity around costs cuts for...
...“Deutsche Bank has been in a process of constant restructuring, but has failed to deliver,” says Kinner Lakhani, an analyst at Citi....
...“Most investors want to see less dependence on the investment bank,” said Huw van Steenis, London-based banks’ analyst at Morgan Stanley....
...Morgan Stanley reported a 31 per cent rise in equity trading revenues for the quarter, while Citigroup reported a 9 per cent fall....
...“That’s the principal legacy, that he kept Credit Suisse as a stronger investment bank and fixed income player for longer than Switzerland’s appetite,” said Kinner Lakhani, an analyst at Citigroup....
...Kinner Lakhani at Citigroup noted that UBS was SFr1bn short of the SFr3.2bn cost-cutting target it had set for the end of 2013 and Huw van Steenis of Morgan Stanley noted that the target was “quite ambitious...
...Kinner Lakhani, an analyst at Citi, estimates an initial shortfall of €28bn across the sector that will fall to just €12bn once balance sheet repairs in 2014 are taken into account....
...If you cut that back too far, you are at risk of damaging your franchise,” Kinner Lakhani, analyst at Citigroup says....
...Kinner Lakhani, an analyst at Citi, said Credit Suisse’s efforts to improve the profitability of its private bank were an important step in the bank’s cost-cutting plans....
...And even after the rates restructuring, CS will have more than twice as much capital,” says Huw van Steenis, analyst at Morgan Stanley....
...Analysts at Morgan Stanley estimate that Deutsche could face up to $1.3bn in settlement charges....
...“Our expectation is that most European banks will aim to meet requirements by 2015,” Kinner Lakhani, analyst at Citigroup, wrote in a note to clients....
...per cent in the first quarter, while Kinner Lakhani, an analyst at Citi, said that UBS’s more focused investment bank might suffer more than others in times of greater volatility....
...“The eurozone crisis and the global macroeconomic environment have made for a cyclically weaker revenue environment,” said Kinner Lahkani, Citi analyst, pointing to a possible 10 per cent fall in the overall...
...The institutions affected are Morgan Stanley, Bank of America, Barclays, Goldman Sachs, Royal Bank of Scotland and UBS....
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