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

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: 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

Credit Suisse combines unit InvestLab with Spain"s Allfunds

Swiss bank Credit Suisse said on Tuesday it has combined its open-architecture business-to-business investment fund platform - Credit Suisse InvestLab - with Spain-based funds solutions provider Allfunds Group......»»

Category: topSource: reutersJun 25th, 2019

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: Alstom confirms talks to acquire Bombardier’s rail unit

The French train maker said discussions are continuing for the acquisition of Bombardier Transportation, though no final decision has been made......»»

Category: topSource: marketwatchFeb 17th, 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: Ams revenue and profit rises amid growth for 3D sensing unit

Ams AG said Tuesday that its revenue and adjusted profit rose year-on-year amid strong growth in its business for 3D sensing and advanced light sensing......»»

Category: topSource: marketwatchFeb 11th, 2020

Exor expects $13 billion for careful acquisitions after PartnerRe sale

Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on acquisitions, a source close to the matter told Reuters......»»

Category: topSource: reutersFeb 10th, 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