Tag: Manufacturers
BofA Q3 sales falter
North America | Industry
26 Oct 2020 by Lavanya Nair
Bank of America’s structured product sales volume fell to US$701.62m in the third quarter of 2020 from US$874.2m during the same period a year prior, according to SRP data.
UBS teams up with Banco do Brasil to enter the market
Latin America | Industry
08 Oct 2020 by Lavanya Nair & Pablo Conde
The Swiss bank announced a strategic alliance with Banco do Brasil and unveiled UBS BB Investment Bank as well as the leadership team that will spearhead the new venture.
Bank of East Asia shifts focus to Greater Bay Area
Asia Pacific | Industry
24 Aug 2020 by Summer Wang & Pablo Conde
The Hong Kong banking and financial services group reported a net profit of HK$1.56 billion (US$201m) in the first six months of 2020, a 50% rise year on year.
SG reduces structured product risk profile as losses bite
International | Industry
04 Aug 2020 by SRP News
Société Générale has finalised the strategic review carried out in its global markets business on structured products.
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.
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.
View from the top – Vontobel: time to think niche
International | Industry
11 Jun 2020 by Pablo Conde
Vontobel announced changes to the structure of the group in December, in an effort to be more efficient and client-centric globally, with a focus on servicing investment managers.
View from the top: investors haven’t panicked (yet)
North America | Technology
03 Jun 2020 by Lavanya Nair & Pablo Conde
Shortly after the Covid-19 pandemic rattled financial markets across the globe, the structured product market was confronted with operational challenges that were amplified by the nationwide shift to remote working.
Canada: RBC issuance up by 20% but BMO/CIBC dip
North America | Industry
01 Jun 2020 by Lavanya Nair & Pablo Conde
Canadian financial institutions Bank of Montreal (BMO), Royal Bank of Canada (RBC) and Canadian Imperial Bank of Commerce (CIBC) have announced underwhelming results for the second of quarter of 2020.
