Tag: Investment banking
People: Garantum chief steps down
International | People
28 Aug 2020 by SRP News
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.
Hang Seng Bank is top Apac issuer despite profit drop
Asia Pacific | Industry
04 Aug 2020 by Summer Wang & Pablo Conde
The Hong Kong-based bank reported a pre-tax profit of HK$10.62 billion (US$1.37 billion) in the first half of the year, a 33.19% decline from a year earlier, as net income fell 20.42% to HK$17.43 billion.
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).
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.
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.
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.
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.
