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Monday, 26 June 2017

Bank strategy and results

M Stanley scrapes through stress test

IFR 2189 24 June to 30 June 2017

US banks passed the Federal Reserve’s annual stress test with flying colours - except the portion intended to measure how supplementary leverage ratios hold up under extreme stress.

ICBC readies for credit risk, fintech challenges

IFR 2189 24 June to 30 June 2017

The chairman of Industrial and Commercial Bank of China is more concerned about long-term challenges to the country’s financial sector than the short-term threat posed by bad loans.

Jefferies' Q2 FICC falls 33%, hurt by low volatility

IFR 2189 24 June to 30 June 2017

Jefferies Group confirmed what its larger rivals have already predicted — a weak second-quarter earnings environment for financial companies due to a lack of volatility.

UBS M&A veteran Harding-Jones moves to Citigroup

IFR 2189 24 June to 30 June 2017

Citigroup has poached two of UBS’s most senior Asia-Pacific bankers.