Banking

  Bloomberg UBS Group AG missed out on a bond-trading bonanza that fuelled third-quarter earnings at rivals as a slump in equities revenue sparked a 68 percent drop in pretax profit at the securities business. Revenue from equities trading fell 16 percent to 797 million Swiss francs ($802 million) from a year earlier, missing the average estimate of four analysts ...

  Frankfurt / AFP Troubled German lender Deutsche Bank reported on Thursday a surprise profit in the third quarter, confounding expectations of further expensive legal pain for the Frankfurt institution. “We continued to make good progress on restructuring the bank,” chief executive John Cryan said in a statement. “The results for the quarter demonstrate well the strengths of our operating ...

  Bloomberg Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. Barclays Plc said profit rose 35 percent in the third quarter as revenue from fixed-income trading surged to the highest in more than two years. The results may help Chief Executive Officer Jes ...

  Bloomberg National Australia Bank Ltd., the nation’s third-largest by assets, posted a 4 percent increase in full-year cash earnings on its domestic banking and wealth management businesses. Unaudited cash profit, which excludes one-time items, rose to A$6.48 billion ($4.96 billion) in the year ended Sept. 30, from A$5.84 billion a year earlier, the Melbourne-based lender said on Thursday in ...

  Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, said it expects to maintain lending margins next year and reassured investors on its outlook for dividends. The bank’s net interest margin should hold steady around 2.7 percent in 2017 even as the Bank of England keeps interest rates at record-low levels, and the firm will generate enough capital to ...

  Bloomberg Nomura Holdings Inc.’s second-quarter profit jumped 31 percent, beating analysts’ estimates as a surge in trading income made up for a slump in brokerage commissions and investment banking. Net income climbed to 61.2 billion yen ($585 million) in the three months ended Sept. 30 from 46.6 billion yen a year earlier, Japan’s largest securities firm said in a ...

  Frankfurt / AFP Germany’s biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. “It will be important to keep an eye on growth in provisions for legal risks,” Equinet analyst Philipp Haessler said. News of a $14-billion demand ...

  Bloomberg China’s central bank is conducting a trial monitoring of banks’ off-balance-sheet wealth-management products under its macro-prudential assessment system, according to people familiar with the matter. The WMPs will be included in calculating broad-based credit, the people said, asking not to be identified discussing non-public information. Currently, the products aren’t included in the assessment framework, and it’s not clear ...

  Bloomberg Mozambique’s new central bank governor is drawing on three decades of experience at the International Monetary Fund to tame surging inflation in the southern African country. Two months into the job, Rogerio Zandamela stamped his authority on the position at the weekend by hiking the key rate to the highest level in more than a decade, according to ...

  Bloomberg European banks will probably dodge an attempt to force the separation of their investment banking and retail arms after the European Commission’s efforts to broker an agreement between lawmakers appear to have flopped. The European Parliament’s negotiating team failed to make progress on the so-called bank structural reform bill in a meeting with commission Vice President Valdis Dombrovskis ...