Hints and tips:
Related Special Reports
...Paris has emerged as the biggest winner, with Wall Street banks such as JPMorgan and Bank of America choosing the French capital for their main post-Brexit European centre....
...The latest iteration of its framework on bank capital, known as Basel III or Endgame, has met with fierce lobbying by US banks, which fear significant increases in their capital requirements....
...The case against CMB centres on a long-running dispute between two Russian businessmen, one of which is a client of the bank....
...for the bank ahead of a potential sale....
...The lenders, which have so far refused to extend the loan without an injection of fresh equity from Thames Water’s owners, are Chinese state-owned Bank of China and Industrial and Commercial Bank of China...
...The investors owned additional tier 1 bonds, or AT1s, a form of bank debt that can be converted into equity or written down when a bank runs into trouble....
...“Banks need high yield and sustainable yield,” said Antonio Roman, portfolio manager of the Axiom European Banks Equity fund....
...system of fixed exchange rates and the threat of American takeovers of European banks....
...BNP still has more than half of a €7.6bn windfall from the disposal of Bank of the West, the US retail bank it sold to Bank of Montreal in 2021....
...The bank reported a return on tangible equity — a key measure of bank profitability — of 12.3 per cent, down from 15 per cent last year but ahead of its target of more than 10 per cent for 2024....
...During his speech at the bank’s AGM, UBS chief executive Sergio Ermotti said he agreed with Kelleher’s view on capital needs and said it was a “source of great concern” that the bank was perceived to enjoy...
...The merger was called the deal of the century, and it made UBS the second-largest bank in Europe....
...Late last year, activist investor Cevian Capital bought €1.2bn of UBS shares, making it one of the bank’s biggest shareholders....
...Alastair Ryan, an analyst at Bank of America, said he expected lots of long-term Credit Suisse clients to go elsewhere....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Europe’s investment banks have cut bonuses for a second straight year following a prolonged slump in dealmaking and listings that is now finally showing signs of ending....
...“The timing and pace of interest rate cuts will affect the banks’ performance in 2024,” said Rafael Quina, head of French, Italian and Portuguese banks at Fitch Ratings....
...Bank of America in January sent “letters of education” to Wall Street staff who had not been showing up at the office, telling them they could face disciplinary action, following similar reminders by Goldman...
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...Owen WalkerWell, we saw a group of banks across the world last week in Asia, in North America and also Deutsche Bank in Europe, provisioning quite heavily for potential losses on US commercial real estate...
...At the start of 2024 the government owned just under 38 per cent of the bank....
...The former head of Credit Suisse’s wealth management business, Francesco de Ferrari, has become the latest executive of the fallen bank to leave UBS....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...Barclays is one of the first banks to outline its cut to bonuses following a brutal year for investment banking....
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
International Edition