The analysts led by Kian Abouhossein also upgraded Banco Popular (BPESF) The ECB on Thursday announced "a series of targeted longer-term refinancing operations (TLTROs) aimed at improving bank lending to the euro area non-financial private sector, ... TheStreet.com, 1 month ago
July 22 (Bloomberg) -- Credit Suisse Group AG said it will exit commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008. The bank's net loss in the second quarter ...Washington Post, 2 days ago Credit Suisse to Exit Commodities, Posts Big Qaurter Loss Hellenic Shipping News Worldwide, 23 hours ago
Morning Coffee: Ex Goldman VP advises on quitting the firm. Credit Suisse to make emerging markets and credit layoffs too?
Seven years of saving before you can go The last time a Goldman Sachs vice president quit the firm and went public, everyone got to know about it. Greg Smith famously wrote a New York Times Op-ed column, followed by a book and a storm of ...EFinancialCareers.com.au, 1 day ago
Credit Suisse Group AG , Switzerland's second-biggest bank, posted its biggest quarterly loss since 2008 after settling an investigation by the U.S. Department of Justice for $2.6 billion in May. The bank's net loss in the second quarter was 700 ...Bloomberg, 2 days ago
European banks will be under pressure at upcoming results to reassure investors about the strength of their balance sheets, after troubles at Portugal's BES and a record $9 billion fine on BNP Paribas gave shareholders a jolt. Investors have ...4 Traders, 1 week ago
Industry - Bank Channel by: Julia Verlaine Thursday, July 10, 2014 (Bloomberg) -- UBS AG, Switzerland's biggest lender, is one of the best placed investment banks globally as it gains from its advisory business and has limited ...Bank Investment Consultant, 1 week ago UBS better play than Credit Suisse says JPMorgan Seeking Alpha, 4 weeks ago UBS Fares Better Than Credit Suisse on Legal Risk, JPMorgan Says Washington Post, 4 weeks ago
More from: , On Wall Street...and 2 other sources
, Deutsche Bank and Barclays, took divergent steps last month after announcing disappointing first-quarter results driven by hits to FICC revenues. FICC revenues drove earnings mightily at these two banks in the era of balance-sheet expansion and ...Euromoney Institutional Investors, 1 month ago
June 9 (Bloomberg) -- European stocks advanced, extending a six-year high, amid optimism the global economic recovery remains on track. Germany's DAX Index headed for a close above 10,000 for the first time ever. Banco Popular Espanol SA rose 4.3 ...Washington Post, 1 month ago European Stocks Rise After Eight-Week Rally on Economic Optimism Washington Post, 1 month ago European Stocks Advance Amid Growing Economic Optimism BusinessWeek, 1 month ago European Stock-Index Futures Rise Amid Economic Optimism Bloomberg, 1 month ago
More from: , La Repubblica...and 1 other sources
"A bank doesn't want to be sitting on illiquid assets for a long time, but shadow banks have a higher capacity to take illiquid assets and sit on them for a very long time," Alan Capper, credit strategist at Lloyds , told CNBC. The idea is that ...CNBC, 1 month ago
Investment banks' FICC revenues are set to extend their slump through the second quarter with FX trading hit particularly hard. ** JPMorgan analyst Kian Abouhossein expects FICC revenue to drop 19 percent sequentially as stubbornly low volatility ...Reuters, 1 month ago
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