Saturday, 24 March 2018

Bank strategy and results

Deutsche Bank sees US$550m Q1 impact from euro, funding

IFR 2226 24 March to 30 March 2018

A strong euro and higher internal funding costs will have a €450m (US$553m) impact on Deutsche Bank in the first quarter, the German lender’s finance chief said.

M&A races over US$1trn with mega-deals surge

IFR 2226 24 March to 30 March 2018

Deal value for global M&A broke through US$1trn in the first quarter, even before the sun set on March. It was the strongest start for M&A since 2000 and puts the current quarter on track to be the best first quarter ever.

Brexit may shrink Europe revenues, MS chief warns

IFR 2226 24 March to 30 March 2018

Europe’s capital markets revenue is set to shrink as a result of Brexit, Morgan Stanley president Colm Kelleher warned this week.

A man walks past a logo of the Standard Chartered Kenya bank in their main office in Nairobi, Kenya.

StanChart CEO talks up revenue growth

IFR 2226 24 March to 30 March 2018

Standard Chartered chief executive Bill Winters said last week the bank was now growing across all divisions and regions as he sought to put behind him the difficulties of the last several years, particularly for the investment bank.