Advertisements



Dow Jones Newswires: RBS to be renamed NatWest Group and cut size of investment bank

Royal Bank of Scotland said Friday that it intends to rename itself as NatWest Group and reduce the size of its investment-banking business, as it reported an increased profit for the fourth quarter of 2019......»»

Category: topSource: marketwatchFeb 14th, 2020

Dow Jones Newswires: RBS to be renamed NatWest Group and cut size of investment bank

Royal Bank of Scotland said Friday that it intends to rename itself as NatWest Group and reduce the size of its investment-banking business, as it reported an increased profit for the fourth quarter of 2019......»»

Category: topSource: marketwatchFeb 14th, 2020

RBS to slash investment bank, rebrand as NatWest

Royal Bank of Scotland's new Chief Executive Alison Rose unveiled a new strategy for the taxpayer-backed bank on Friday, including radically cutting back the size of its loss-making investment bank and renaming the company NatWest. Edward Baran reports......»»

Category: videoSource: reutersFeb 14th, 2020

Dow Jones Newswires: Royal Bank of Scotland profit rises, but bank scales back returns target

Royal Bank of Scotland Group PLC on Friday reported an increased profit for the fourth quarter of 2019 but trimmed its medium-term returns target......»»

Category: topSource: marketwatchFeb 14th, 2020

Dow Jones Newswires: NMC Health confirms bid approaches from KKR & Co. and GK Investment Holding

NMC Health PLC said Monday that it has received approaches from Kohlberg Kravis Roberts & Co. and GK Investment Holding Group SA regarding possible offers for the company......»»

Category: topSource: marketwatchFeb 10th, 2020

Dow Jones Newswires: Qatar Airways increases stake in IAG to 25.1%

Qatar Airways Co. Q.C.S.C. said Wednesday that it has increased its stake in British Airways-owner International Consolidated Airlines Group SA to 25.1% from 21.4%......»»

Category: topSource: marketwatchFeb 19th, 2020

HSBC to slash 35,000 jobs after profits fall

HSBC said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses - in a drastic overhaul that will mean 35,000 jobs cut over three years......»»

Category: videoSource: reutersFeb 18th, 2020

HSBC to shed assets worth $100 billion and slash 35,000 jobs over three years

HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses - in a drastic overhaul that will mean 35,000 jobs cut over three years......»»

Category: topSource: reutersFeb 18th, 2020

Dow Jones Newswires: HSBC Holdings profit plunges 53%, will suspend buybacks amid revamp

HSBC Holdings PLC’s 2019 net profit plunged 53% due to a substantial amount of goodwill impairment, the bank said Tuesday, as it plans to introduce a slew of measures to cut down costs and restructure the company......»»

Category: topSource: marketwatchFeb 18th, 2020

Dow Jones Newswires: Credit Suisse caps difficult year with strong profit rise

Credit Suisse Group AG capped a turbulent year with a strong increase in fourth-quarter net profit......»»

Category: topSource: marketwatchFeb 13th, 2020

Dow Jones Newswires: ABN Amro reports flat profit and a fall in operating income

ABN Amro Bank said Wednesday that fourth-quarter net profit was unchanged after being hit by low interest rates and high loan impairments in specific sectors at Corporate and Institutional Banking......»»

Category: topSource: marketwatchFeb 12th, 2020

Dow Jones Newswires: Ocado Group 2019 pretax loss widens despite growing revenue

Ocado Group PLC reported Tuesday a widened pretax loss for fiscal 2019, missing market expectations......»»

Category: topSource: marketwatchFeb 11th, 2020

Dow Jones Newswires: Coronavirus to cause temporary disruption to China’s economy, PBOC says

BEIJING — China is considering possible countermeasures to cushion the blow from the coronavirus outbreak that is expected cause a temporary disruption to the economy, a central bank official said......»»

Category: topSource: marketwatchFeb 7th, 2020

Dow Jones Newswires: Credit Suisse CEO Tidjane Thiam resigns

Credit Suisse Group AG said Friday that it has accepted the resignation of Chief Executive Tidjane Thiam in the wake of an espionage scandal and appointed Thomas Gottstein in his place......»»

Category: topSource: marketwatchFeb 7th, 2020

Dow Jones Newswires: Swatch 2019 sales and net profit fall

Swatch Group AG said Thursday that sales in 2019 declined amid political uncertainties as well as the weakening of the U.S. dollar and euro against the Swiss franc......»»

Category: topSource: marketwatchJan 30th, 2020

Dow Jones Newswires: Deutsche Bank posts fourth annual loss in five years after worse-than-expected quarter

Deutsche Bank AG posted its fourth annual loss in five years after reporting yet another quarterly loss for the last three months of 2019......»»

Category: topSource: marketwatchJan 30th, 2020

Dow Jones Newswires: Santander profit beats expectations as capital increased

Banco Santander SA’s fourth-quarter net profit rose significantly, beating expectations and helped by one-offs, with the bank strengthening its capital position......»»

Category: topSource: marketwatchJan 29th, 2020

Dow Jones Newswires: Vodafone to sell stake in Egypt unit to Saudi Telecom for $2.39 billion

Vodafone Group PLC said Wednesday that it has agreed to sell its 55% stake in its Egypt unit to Saudi Telecom Co. for $2.39 billion......»»

Category: topSource: marketwatchJan 29th, 2020

Dow Jones Newswires: Anglo American output up 4%, benefiting from Minas-Rio ramp-up

The diversified mining company said that, excluding the impact of Minas-Rio, however, group copper-equivalent production is down 1% in the period......»»

Category: topSource: marketwatchJan 23rd, 2020

Dow Jones Newswires: Daimler 2019 earnings sink and automaker sees diesel-related expenses

Group earnings before interest and taxes were EUR5.6 billion in 2019 compared with EUR11.1 billion a year earlier, the German premium car maker said. Figures are preliminary......»»

Category: topSource: marketwatchJan 22nd, 2020

Dow Jones Newswires: Sage Group backs FY 2020 guidance after strong quarter

Sage Group PLC said Wednesday that trading in the first quarter of fiscal 2020 was strong as it benefited from revenue growth and backed its guidance for the full financial year......»»

Category: topSource: marketwatchJan 22nd, 2020