Tag: Second quarter results
Julius Baer cashes in on AI Spark engine
Europe | Technology
04 Aug 2020 by Pablo Conde
The Swiss wealth manager has taken advantage of the increased need for digital client connectivity and remote working solutions to deliver record-high net profit.
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.
Credit Suisse overhauls strategy
International | Industry
03 Aug 2020 by Pablo Conde
Credit Suisse has announced the implementation of several ‘key initiatives’ and ‘structural improvements’.
Deutsche issuance, sales keep falling
International | Industry
03 Aug 2020 by Lavanya Nair & Pablo Conde
German investment bank Deutsche Bank has seen its issuance and sales of structured products more than halving year on year. However, it plans to increase the volume of its ESG financing along with a portfolio of sustainable investments under management to at least €200 billion in total by 2025.
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.
SRP in brief: when tech takes over
International | Industry
20 Jul 2020 by Amélie Labbe
The global structured products market has increasingly seen some of the most senior executives in the industry leave their jobs at major investment banks to join the technology side.
Goldman roars ahead
International | Industry
20 Jul 2020 by Lavanya Nair & Pablo Conde
US investment banking Goldman Sachs wrapped up its second quarter of 2020 with near-record breaking net revenues of US$13.3 billion, a 41% leap from the same quarter the previous year and a 51% soar from the first quarter of 2020.
JPM suffers Covid ripple effects
International | Industry
17 Jul 2020 by Lavanya Nair & Pablo Conde
US financial institution JP Morgan Chase reported a 51% decline in net income of US$4.7 billion for Q2 20 from the previous quarter. Net interest income slid by four percent to US$14 billion due to the impact of lower interest rates amid a Covid-19 environment.
