Tag: Issuer
China’s BoC, CCB H1 profit plunges over 10%
Asia Pacific | Industry
01 Sep 2020 by Summer Wang & Pablo Conde
Net profit at the largest Chinese state-owned bank plunged by 11.22% to CNY107.8 billion (US$15.8 billion) in the past half year compared with a year ago as its impairment losses on assets, mostly on loans and advances, doubled to CNY66.5 billion.
Credit Suisse gains momentum via prop index FIA link-up
North America | Indices
31 Aug 2020 by Lavanya Nair & Pablo Conde
Credit Suisse’s Momentum Index is licensed as the underlying of a debut fixed index annuity (FIA) product developed in collaboration by A-CAP and AmeriLife.
CIBC roars back, Desjardins keeps the pace
North America | Industry
28 Aug 2020 by Lavanya Nair & Pablo Conde
Canada’s prominent providers Desjardins and Canadian Imperial Bank of Commerce (CIBC) have yielded mixed results for the second and third quarter of 2020, respectively.
China Citic profit down 10% despite structured deposits surge
Asia Pacific | Industry
27 Aug 2020 by Summer Wang & Pablo Conde
The Chinese bank has reported a net profit of CNY26 billion ($3.8 billion) in the first half year, down 10% from a year ago,
BMO, RBC issuance suffers sequential slide
North America | Industry
27 Aug 2020 by Lavanya Nair & Pablo Conde
Canada’s leading providers Bank of Montreal and the Royal Bank of Canada have seen their structured product issuance tumble in Q2 from the first quarter of 2020, SRP data shows.
Exclusive: HSBC head of Americas EQD sales exits
International | People
26 Aug 2020 by SRP News
HSBC Bank USA veteran Todd Fruhbeis (pictured) has parted ways with the UK banking group after 15 years. The New York-based wealth management sales for the Americas executive had responsibility for the sales of markets products for retail and high net worth distribution channels in the Americas, since 2005.
SK securities houses rebound in Q2
Asia Pacific | Industry
26 Aug 2020 by Summer Wang & Pablo Conde
Two of the largest securities houses in South Korea have posted positive results in the second quarter despite a slowdown in the structured products market.
View from the top: investors want to understand why they buy certain products
International | Features
25 Aug 2020 by Pablo Conde
Despite the sluggish performance in 2020, and plans to de-risk its equity derivative books, the French bank has entered the top 10 global issuer ranking including flow and non-retail products with a 2.7% global market share across more than 180,000 products worth an estimated US$8.6 billion year to date.
HSBC debuts AI powered prop play in Singapore
Asia Pacific | Indices
19 Aug 2020 by Summer Wang & Pablo Conde
HSBC Singapore has launched its first structured note tied to the performance of the AI Powered US Equity 5 Index (AiPEX5) after it was made available for two weeks to investors with investible assets of at least SG$2m (US$1.46m) within its retail banking business.
