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Should Lloyds Bulk Up On Investment Banking – US-FOREX.US
It’s been a rather tragic, double whammy for Lloyds Banking Group: Not only does the lender’s deep involvement in domestic retail banking mean its fortunes are dangerously tied to Britain’s economic ups and downs, it has had to deal with billions of dollars worth of bad assets brought on from its controversial takeover of mortgage… »
Barclays High Wire Act – US-FOREX.US
Two sets of similar earnings, two different ways to get them. While net profits at HSBC more than halved to around 3.4 billion for the first six months of the year, they rose by 10% at Barclays to approximately 3.2 billion. While HSBC has been focusing on building up its Tier one capital ratio with… »
No Joy For Deutsche Bank – US-FOREX.US
Once the straw that broke the camel’s back, investment banking has now been the saving grace of lenders like Banco Santander, Goldman Sachs and Credit Suisse, as it offset rising defaults amongst consumers and businesses. Not so for Deutsche Bank.Shares in the German bank tumbled 7% on Tuesday morning, as it set aside 1 billion… »
Credit Suisse Steps Up – US-FOREX.US
So far this season with write-downs mostly behind them, banks with large investment banking operations have been falling into two categories: banks like Goldman Sachs saw revenues rising across the board, whileothers such as JP Morgan have seen their successes fall mainly in the fixed income category. Despite a still sluggish equities market, Credit Suisse… »
UBS To Buy Or Not To Buy- US-FOREX.US
Could this be the moment to invest in Swiss bank UBS? Analysts at Citigroup certainly seem to think so. UBS is “our top pick among the European investment banks,” wrote analyst Andre Coombs in an investor note on Wednesday, even as he lowered his target price for the bank. Having lagged others in the sector,… »