Tag: Distributors
Nomura posts record revenue, SP activity remains subdued
Asia Pacific | Industry
31 Jul 2020 by Summer Wang & Pablo Conde
Nomura Holdings has delivered a net income of JPY 142.5billion (US$1.36 billion) in the three months ended June 30, which was a recovery from a loss of JPY34.5 billion a quarter earlier and 1.55x year-on-year (YoY).
Barclays cashes in on volatility, retains leading position in US
International | Industry
30 Jul 2020 by Lavanya Nair & Pablo Conde
The UK bank reported a 21% increase to £8.6 billion (US$11.2 billion) in net income during the second quarter of 2020 in its corporate and investment banking (CIB) division, compared to the same period a year prior.
Product snapshot: i-Kapital rolls out single stock play betting on the automotive market upswing
Europe | Products
29 Jul 2020 by Nikolay Nikolov
The product is aimed at investors seeking to capitalise on the recovery of the automotive industry in France.
HSBC Private Banking promotes duo in Apac ISPS push
International | People
29 Jul 2020 by SRP News
The UK private bank has made two senior appointments in its Apac investment services and product solutions (ISPS) team.
Wells Fargo, Citi flounder as market uncertainty looms
North America | Industry
29 Jul 2020 by Lavanya Nair & Pablo Conde
US banks Wells Fargo and Citigroup have both reported significant losses in the second quarter of 2020 from the same period in 2019, highlighting the ongoing struggle to repair the damage caused by the Covid-19 pandemic.
New Irish structured products fund off to a good start
Europe | Products
28 Jul 2020 by Marc Wolterink
The newly launched Irish fund of structured products reports its first successful autocall.
BofA issuance, sales in Covid-induced slump
International | Industry
28 Jul 2020 by Lavanya Nair & Pablo Conde
The US bank has seen its net income taken a hit in Q2, falling to US$3.5 billion from US$4 billion in the first quarter of 2020 and US$7.3 billion in Q2 19.
UBS issuance drops despite increase in investment banking profits
International | Industry
24 Jul 2020 by Lavanya Nair & Pablo Conde
Swiss investment bank UBS’s net profits declined to US$1.24 billion in the second quarter from US$1.6 billion in Q1 20 and US$1.4 billion in Q2 19.
Morgan Stanley bounces back in Q2
International | Industry
22 Jul 2020 by Lavanya Nair & Pablo Conde
The US investment bank has reported a positive second quarter performance with a 41% jump in net revenues of US$13.4 billion from the first quarter of 2020 and a 31% increase year-on-year.