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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: 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

Dow Jones Newswires: BNP Paribas profit falls as revenue rises

Net profit for the period was 1.94 billion euros ($2.16 billion) compared with the EUR2.12 billion reported in the same period last year, France’s largest listed bank by assets said Thursday......»»

Category: topSource: marketwatchOct 31st, 2019

Dow Jones Newswires: Barclays profit rises and bank books $1.8 billion PPI charge

The British bank booked a 1.4 billion pound ($1.8 billion) provision for expected payment protection insurance costs, in line with previous guidance of GBP1.2 billion to GBP1.6 billion given in September......»»

Category: topSource: marketwatchOct 25th, 2019

Dow Jones Newswires: Royal Bank of Scotland swings to loss after higher PPI costs

The majority-state-owned bank booked a 900 million pound ($1.16 billion) provision to cover payment protection insurance costs. It said in September that the bank expected to book a provision of GBP600 million to GBP900 million......»»

Category: topSource: marketwatchOct 24th, 2019

Dow Jones Newswires: UBS tops forecast on investment banking results

UBS Group AG's second-quarter net profit came in above expectations, boosted by the performance of its investment-bank arm, despite the bank booking higher credit losses for the quarter......»»

Category: topSource: marketwatchJul 21st, 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

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

London Markets: Royal Bank of Scotland tumbles in London as target cut overshadows a rebrand

Royal Bank of Scotland Group tossed the kitchen sink at investors on Friday, but markets only had eyes for weakness in results from the mostly government-owned bank......»»

Category: topSource: marketwatchFeb 14th, 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: 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: UBS misses 2019 targets despite 4Q net profit more than doubling

The bank miss.....»»

Category: topSource: marketwatchJan 21st, 2020

Dow Jones Newswires: Credit Suisse to launch up to $1.5 billion share buyback in 2020, returns to rise

The Swiss bank targets a return on tangible equity, a key measure of profitability, of roughly 10% next year, up from the more than 8% it expects to achieve this year......»»

Category: topSource: marketwatchDec 11th, 2019

Dow Jones Newswires: Compass pretax profit falls, while organic growth rises above target

The FTSE-100 support-services company said its expectations for the next financial year are positive, although it remains cautious about the macro environment in Europe......»»

Category: topSource: marketwatchNov 26th, 2019

Dow Jones Newswires: ABN AMRO profit falls as bank announces plan to strengthen Financial-Crime Detection

Last month ABN AMRO said it was being investigated by the Dutch authorities in relation to requirements under an act on the prevention of money laundering and financing of terrorism......»»

Category: topSource: marketwatchNov 13th, 2019

Dow Jones Newswires: Société Générale profit and revenue falls

France’s third-largest listed bank  by assets had net profit of 854 million euros ($948.1 million) for the period, compared with EUR1.31 billion a year earlier, it said Wednesday......»»

Category: topSource: marketwatchNov 6th, 2019

Dow Jones Newswires: Danske Bank sees profit at lower end of range as money laundering probes continue

The bank is being investigated by Estonia, Denmark, France and the U.S. over allegations that around $230 billion in suspicious funds from Russia and other former Soviet states entered Europe through its tiny branch in Estonia......»»

Category: topSource: marketwatchNov 1st, 2019

Dow Jones Newswires: Credit Suisse profit soars and beats expectations

The bank’s key international wealth management division posted a 43% increase in pretax profit, while earnings at its domestic bank grew 19%......»»

Category: topSource: marketwatchOct 30th, 2019

Dow Jones Newswires: HSBC profit misses expectations and bank warns of challenging outlook

HSBC said that it expects significant charges in the fourth quarter and “subsequent periods” including possible impairment of goodwill and additional restructuring charges.....»»

Category: topSource: marketwatchOct 28th, 2019

Dow Jones Newswires: Swedbank profit drops amid tough competition and higher costs

Swedbank AB on Wednesday posted a bigger-than-expected drop in third-quarter net profit as the bank faced tough competition and higher costs......»»

Category: topSource: marketwatchOct 23rd, 2019