*SocGen Q2 net income 1.46 bln euros vs forecast 1.2 bln. PARIS, Aug 2- France's biggest banks posted better-than expected earnings in the second quarter as their diversified business models helped mitigate the pressure from low interest rates and weak markets. Europe's banking index was up 1.8 percent on Wednesday, paring losses on Monday and Tuesday.
PARIS, Aug 2- A string of elections, such as in the United States this year and in France and Germany next year, are likely to add to the uncertainties surrounding Societe Generale's global markets and investment banking business, the head of the French bank said on Wednesday. Bank profitability around the world has been hit by near-zero interest rates, Britain's...
Frederic Oudea, the chief executive of Societe Generale, played down the tests' importance as the bank reported a rise in income.
With yields threatened, pushing oil and gas companies into deals may be hedge funds’ next strategy.
Breaking up the banks might make politicians look good, but it won't help bank investors much.
*Banks first want to see if UK retains single market access. *Non- UK customers could lose protection of the ring-fence. But the UK regulation- which also covers the European operations directly owned by British banks- was proposed in 2011, when there was no prospect of Britain quitting the bloc.
Another week, another big tech deal where Wall Street's top institutions didn't get a piece of the action.
The downgrade of its short-term rating follows a recent rally in risk assets, driven by the Brexit vote and a search for yield.
European Union banks are much better placed to cope with serious economic shock, according to stress tests released on Friday night.
A relic of failure from the buyout boom is the gift that keeps on giving to Wall Street banks and law firms.
Vanguard shuts new investors out of dividend growth fund, as market shows signs pace of dividends won't hold up.
*Net inflows of $2.4 bln in wealth management Americas. ZURICH, July 29- UBS, Switzerland's biggest bank, has scrapped short-term guidance on profitability due to an increasingly murky outlook for financial markets, even though its second-quarter net profit fell much less than analysts had feared. Like many rivals, UBS is battling negative interest rates, a drop...
July 29- Credit Suisse Group AG, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with company founders and entrepreneurs, according to an internal memo reviewed by Reuters on...
Some EU banks struggled with U.S. stress tests. Now, they have to play at home.
Banks have been under pressure from shareholders and regulators alike. Something has got to give.
July 25- Jim Ratigan, who left his post at Deutsche Bank AG as head of Americas mergers and acquisitions earlier this month, has agreed to join U.S. healthcare investment banking boutique Leerink Partners LLC, a Leerink spokesman said on Monday. Deutsche's investment banking division has suffered a number of prominent departures in recent months, including...
Santander Consumer USA looks to resolve issues regarding "discount accretion and credit loss allowance methodologies."
When the year’s most hotly anticipated tech deal went down, Wall Street’s biggest banks got elbowed aside by upstart competitors.
July 25- E* Trade Financial Corp said it would buy the parent of online brokerage OptionsHouse for $725 million in cash, as the company looks to better compete in derivatives trading. Chicago- based OptionsHouse currently operates 154,000 customer accounts and has $3.6 billion in customer assets, including $1.4 billion in cash. OptionsHouse is an indirect...
July 25- E* Trade Financial Corp said on Monday it would buy the parent of online brokerage OptionsHouse for $725 million in cash. E* Trade, which operates a discount broker-dealer and a bank, said it intends to help finance the deal by issuing up to $400 million of preferred stock. The deal for Aperture New Holdings Inc is expected to close in the fourth quarter, the...