Friday, 29 May 2020

Tag Archives: European Banks

European banks brace for storm as coronavirus hits earnings

LONDON: European bank stocks are trading close their steepest-ever discount to US rivals and early signals show that first-quarter earnings may only reinforce the gap. The continent’s lenders, already in a tough spot before the coronavirus outbreak hit, are likely to detail more worrying news for their embattled investors. In ...

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Stellar EU banks’ performance won’t last

PARIS: European banks may have managed to generate surprisingly solid earnings in the second quarter, but low interest rates, Brexit fears and trade war woes make a repeat performance unlikely, analysts say. Big names BNP Paribas, Barclays, Intesa Sanpaolo, Credit Suisse and BBVA all wrongfooted sector experts with results exceeding ...

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EU Banks in UK likely to operate ‘as normal’ after Brexit

LONDON: The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create expensive subsidiaries after Britain leaves the European Union. The decision, if confirmed, would mean European banks offering wholesale services would not face new post-Brexit hurdles to operating in ...

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