Tag: Manufacturers
Mixed results for Canada’s tier 2 providers
North America | Products
29 May 2020 by Lavanya Nair & Pablo Conde
Canadian banks Desjardins, Scotiabank and TD Securities have suffered setbacks in their first and second quarter earnings of 2020 due to severe market volatility, a consequence of the Covid-19 outbreak.
Monex sales remain strong despite drop in issuance
Latin America | Products
20 May 2020 by Lavanya Nair & Pablo Conde
Mexican financial institution Monex remained the most prolific issuer in Mexico for the first quarter of 2020 despite a 25.6% drop in product issuance during the same period of last year.
BBVA issuance remains steady despite rocky Q1
Latin America | Products
18 May 2020 by Lavanya Nair & Pablo Conde
The Mexican subsidiary of Spanish financial institution BBVA announced a 48.3% drop in its net income totaling MXN6.44 billion (US$270m) for the first quarter of 2020 from the same period a year prior.
Structured products boost Credit Suisse Apac topline
International | Products
13 May 2020 by SRP News
Despite a ‘highly challenging’ environment, the Swiss bank delivered a ‘resilient performance’ in the first quarter of 2020, said Thomas Gottstein (pictured), the new chief executive officer of Credit Suisse Group.
Barclays issuance reaches record high in the US
International | Products
11 May 2020 by Lavanya Nair & Pablo Conde
The British financial institution issued 623 structured products in the US for the first quarter of 2020, the highest issuance figure since Q1 19, reaching record sales volumes of US$3.54 billion. This compares with 429 products totalling US$1.51 billion in the same quarter a year prior.
Dividend markdowns hit Natixis’ EQD business
International | Products
11 May 2020 by SRP News
The French bank pushes back its strategic plan until the end of 2021 as despite ‘strong’ results for fixed income, investment banking and M&A, other businesses, including financing and equity derivatives, ‘were impacted negatively’ by the Covid crisis.
BofA sales, issuance take a tumble
North America | Products
29 Apr 2020 by Lavanya Nair & Pablo Conde
The US financial institution has reported a 48.5% fall in first quarter net income providing a gloomy outlook as it sets aside an additional US$3.6 billion to cover potential losses resulting from the damage caused by the Covid-19 pandemic.
Brazil: Santander issuance falls flat, Morgan Stanley speeds ahead
Latin America | Industry
31 Mar 2020 by Lavanya Nair & Pablo Conde
The first quarter of 2020 wraps up just as the Brazilian Central Bank slashes interest rates.. The move is an emergency measure that has already been made in other countries such as the US and UK in a response to the outbreak of the Covid-19 virus that has rattled financial markets across the world.
View from the Top: BNP Paribas eyes specialist approach and synergies
International | Industry
16 Mar 2020 by Pablo Conde
The French bank is seeking to consolidate the equity derivatives gains made in Europe in 2019 and ‘continue the transformation of the business around evolving client needs’ and maximise ‘the benefit of close coordination between every part’ of its equity derivatives franchise.
