US banks’ profit picture less clear with cloudy rates trajectory
NEW YORK, April 12 (Reuters) - The uncertain trajectory of interest rates is making it hard for U.S. banks to...
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Japan’s inflation comeback prompts investors to tear up old playbooks
Ageing population no longer main Japan investment storyGlobal stockpickers positive on Japan banks, retailersInvestors cautious on bondsLONDON/TOKYO, Nov 21 (Reuters)...
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing RightsNEW YORK, Oct 13 (Reuters) - Citigroup's (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest payments while undertaking its biggest overhaul in decades.The bank said it will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of leadership, 15%...
Europe’s bumper Q2 puts global dividend payouts on track for record year
Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Aug 30 (Reuters) -...
Banks to fuel boom in UK Plc regular dividend payouts
MILAN, July 27 (Reuters) - A recovery in bank payouts is set to lift UK regular dividends by 6.1% to...
Santander expanding investment bank in US and UK, sources
MADRID/LONDON, July 14 (Reuters) - Santander (SAN.MC) is accelerating growth of its investment bank by hiring at least 50 bankers...
Czech government will try to meet 2023 budget deficit target, PM says
PRAGUE, June 4 (Reuters) - The Czech government will try to meet its 2023 budget deficit target of 295 billion...
Deutsche Bank to buy British stockbroker Numis for $511 mln
April 28 (Reuters) - Deutsche Bank (DBKGn.DE) said on Friday it had agreed to buy Numis Corp (NUM.L), a London-based...
Polish watchdog advises banks against dividends until EU court verdict
GDANSK, March 17 (Reuters) - Poland's Financial Supervision Authority (KNF) recommended some banks should withhold dividend payouts for 2022, until...
Santander bets on Europe recovery, customers to lift profits and pay-outs
Lifts ROTE target to between 15-17% in 2023-2025 periodRaises pay-out in three-year strategy to 50% from 40%Bank aims to add...
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