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Thursday, 19 July 2018

Bank strategy and results

JP Morgan soars, Citi dips in Q2

IFR 2242 14 July to 20 July 2018

JP Morgan outperformed expectations in the second quarter as trading revenue and capital markets activity soared.

People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan.

MUFG steps up ASEAN focus

IFR 2242 14 July to 20 July 2018

Mitsubishi UFJ Financial Group is making a big bet on commercial banking in South-East Asia to fuel its international expansion as it edges closer to increasing its stake in Indonesia’s Bank Danamon.

GPIF reveals racy credit investments

Japan's GPIF reveals racy credit bets

IFR 2242 14 July to 20 July 2018

Japan’s biggest pension fund channelled more money into riskier credit investments during the last fiscal year, adding exposure to Venezuela, Iraq and casino operators while cutting back on US Treasuries and yen bonds.

Customers line up inside a Bank of China branch at the financial Central district in Hong Kong, China.

Global banks set pace in Asian IB fees

IFR 2241 7 July to 13 July 2018

Global banks clung on to their share of Asia investment banking revenues in the first half of 2017 after the worst second quarter in four years for overall fees.