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Tuesday, 20 November 2018

Bank strategy and results

Citigroup reviews China JV setup

Citigroup reviews China JV setup

IFR 2260 17 November to 23 November 2018

Citigroup is looking at exiting its securities joint venture in China in favour of a new partnership with majority control, making it potentially the first foreign bank to walk away from an existing partnership following regulatory changes earlier this year.

Noble to appoint former Morgan Stanley banker as chairman

IFR 2260 17 November to 23 November 2018

Noble Group is expected to appoint former Morgan Stanley banker Ian Potter as its chairman as the battered commodities trader prepares for life following its restructuring.

SMFG outshines rivals in Q2 earnings

IFR 2260 17 November to 23 November 2018

Sumitomo Mitsui Financial Group outstripped its rivals during the second quarter as it reported a 37% jump in net profit, while the two other Japanese megabanks flatlined.

Rothschild reports 11% rise in Q3 advisory revenues

IFR 2260 17 November to 23 November 2018

Rothschild said revenues from its global advisory business rose 11% to €296m over the three months to the end of September compared with the same period a year ago. For the whole of 2018 its revenues are up 14% year-on-year at a record €820m.