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Saturday, 16 December 2017

Bank strategy and results

US bank stocks soar into 2018

IFR 2214 16 December to 5 January 2018

The top five US banks continued to surge one year after the surprise election of Donald Trump unleashed hopes of tax cuts and regulatory reform. While neither has come to pass, the expectations are still keeping the stocks sailing.

US banks brace for 15% Q4 trading fall

IFR 2213 9 December to 15 December 2017

The largest US banks are predicting revenue from bond and equity trading will fall about 15% in the fourth quarter from a year ago, putting trading revenues for the top five firms on course to end the year down 7% from 2016.

Credit Suisse gears up for Europe pick-up

IFR 2213 9 December to 15 December 2017

Credit Suisse is shifting its investment banking resources towards Europe ahead of what’s expected to be a substantial pick-up in deals in the region next year following years of subdued activity and false starts.

CVS/Aetna deal shakes up M&A tables

IFR 2213 9 December to 15 December 2017

CVS Health’s proposed US$69bn acquisition of Aetna is shaking up rankings for M&A advisers in the last month of the year.