Recent Posts

Commerzbank vows to restore revenue growth

Bloomberg Commerzbank AG vowed to restore revenue growth after posting its weakest fourth quarter in four years as competition for corporate clients weighs on Chief Executive Officer Martin Zielke’s turnaround plan. Revenue for the group declined 3.3 percent to 2.04 billion euros, the Frankfurt-based lender said. “Commerzbank will concentrate on further growth in the core segments, and is targeting higher ...

Read More »

RBS makes special investor payout as Brexit starts to bite

Bloomberg Royal Bank of Scotland Group Plc (RBS) plans to award shareholders a special dividend as the British lender seeks to assuage concerns with the UK’s departure from the European Union looming. The bank, which required one of the costliest bailouts in financial history, swung to a better-than-expected profit before tax of 572 million pounds ($733 million) in the fourth ...

Read More »

Credit Agricole trading revenue plunges in Q4

Bloomberg Credit Agricole SA’s trading revenue plunged in the fourth quarter, extending a tough quarter for French investment banking after volatile markets at the end of the year kept clients on the sidelines. Capital-markets and investment-banking revenue declined 29 percent in the last three months of 2018, led by fixed income. However, the lender’s earnings are less dependent on investment ...

Read More »
Send this to a friend