Edition:
United States

Banks

Page 1

Hua Nan Financial Holdings unit to dissolve asset management unit

Monday, 24 Jul 2017 06:08am EDT

July 24 (Reuters) - Hua Nan Financial Holdings Co Ltd <2880.TW> ::* Says co's securities subsidiary plans to dissolve its asset management unit .

Close Brothers sees good result for current financial year

Friday, 21 Jul 2017 02:00am EDT

July 21 (Reuters) - Close Brothers Group Plc ::Group has continued to perform well across all divisions, consistent with the company's Q3 trading update.Loan book up 6.4 pct year to date at 6.8 bln stg (31 July 2016: 6.4 bln stg).For eleven months to June 30, property finance continued to perform well, with solid demand and strong loan book growth.For eleven months to June 30, retail finance benefited from strong growth in premium finance business.For eleven months to June 30, bad debt ratio remains in line with prior year and net interest margin also remained broadly stable.Winterflood delivered a good performance year to date supported by continued strong retail trading activity throughout period.Remain confident in a good result for current financial year.Managed assets are up 9 pct year to date at 8.8 bln stg (31 July 2016: 8.0 bln stg).

Deutsche Bank preparing for hard brexit, CEO Cryan tells employees- Bloomberg

Thursday, 20 Jul 2017 05:58am EDT

July 20 (Reuters) - :Deutsche Bank preparing for hard brexit, CEO Cryan tells employees- Bloomberg.Deutsche Bank CEO says will probably book the "vast majority" of its assets in frankfurt- Bloomberg.

BB&T Q2 earnings per share $0.78 excluding items

Thursday, 20 Jul 2017 05:45am EDT

July 20 (Reuters) - BB&T Corp ::BB&T reports record second quarter earnings; performance driven by record quarterly revenues.Q2 earnings per share $0.78 excluding items.Q2 earnings per share $0.77.Q2 revenue rose 3.9 percent to $2.9 billion.Q2 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.BB&T Corp - taxable-equivalent revenues were $2.9 billion for Q2, up $75 million from Q1 of 2017.Qtrly average loans and leases held for investment were $143.1 billion compared to $142.0 billion for Q1 of 2017.Qtrly average deposits were $160.3 billion compared to $161.4 billion for Q1 of 2017.Says ‍tier 1 risk-based capital was 12.1 percent in quarter ​.BB&T Corp - ‍incurred pre-tax merger-related and restructuring charges of $10 million ($6 million after tax)​ in quarter.Qtrly net interest income on a taxable-equivalent basis was up $26 million.BB&T Corp - qtrly taxable equivalent net interest income $$ 1,675 million versus. $ 1,649 million last quarter.Qtrly provision for credit losses was $135 million, compared to $111 million in the earlier quarter.

Guaranty Bancorp Q2 EPS $0.36, to buy Castle Rock Bank Holding co

Wednesday, 19 Jul 2017 04:10pm EDT

July 19 (Reuters) - Guaranty Bancorp :Guaranty bancorp announces second consecutive quarter of record net income and the signing of a definitive agreement to acquire Castle Rock Bank Holding Company.Q2 earnings per share $0.36.Q2 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Guaranty Bancorp says net interest income increased $9.7 million, or 48.8% in q2 2017, compared to same quarter in 2016.Guaranty Bancorp -castle rock bank will be merged into guaranty bank and trust and all castle rock bank branches will operate under guaranty bank and trust name.Guaranty Bancorp -expects transaction to be $0.04 accretive to earnings per share in 2018 and have an internal rate of return in excess of 19%.

Decision from European Commission concerning state aid to Vestjysk Bank

Tuesday, 18 Jul 2017 09:49am EDT

July 18 (Reuters) - VESTJYSK BANK A/S ::DECISION FROM THE EUROPEAN COMMISSION CONCERNING STATE AID TO VESTJYSK BANK.DANISH STATE HAS TODAY NOTIFIED BANK THAT EUROPEAN COMMISSION HAS DECIDED TO APPROVE STATE AID SUBJECT TO CERTAIN CONDITIONS.RESTRUCTURING PERIOD ENDS ON 31 DECEMBER 2019.DECISION, INCLUDING TERMS, DOES NOT GIVE RISE TO CHANGING BANK'S STRATEGY OR PROFIT FORECAST FOR 2017.IF BANK OBTAINS RETURN ON EQUITY AFTER TAX IN 2018 AT FIXED LEVEL IN INTERVAL BETWEEN 7-11 %, RESTRUCTURING PERIOD ENDS ON 31 DEC 18.

Comerica reports qtrly income per common share $1.13

Tuesday, 18 Jul 2017 06:37am EDT

July 18 (Reuters) - Comerica Inc ::Comerica reports second quarter 2017 earnings.Comerica Inc - qtrly income per common share $1.13 ‍​.Comerica Inc - Q2 net interest income $500 million versus $445 million last year.Comerica inc - q2 provision for credit losses $17 million versus $49 million last year.Q2 earnings per share view $1.06 -- Thomson Reuters I/B/E/S.Comerica Inc sees restructuring charges of $40 to $50 million in full year 2017, compared to $93 million in 2016..Comerica inc sees full-year 2017 provision of 20-25 basis points and net charge-offs to remain low ‍​.Comerica Inc - for FY 2017, co expects gear up initiative of $30 million in revenue and $125 million in expense savings.Comerica Inc sees 2017 growth in average loans of 1 percent.Comerica Inc - Q2 2017 average loan growth of $823 million, or 2 percent.Comerica Inc - quarter-end common equity tier 1 capital ratio 11.51 percent versus 10.49 in Q2 2016.Comerica Inc sees full-year 2017 net interest income higher‍​.

Italy's Creval closes sale of 1.4 bln euro bad loan portfolio

Friday, 14 Jul 2017 01:21am EDT

Italy's Credito Valtellinese (CREVAL) says: :has closed sale of bad loan portfolio worth 1.4 billion euros ($1.60 billion) through securitisation and use of state-guarantee on senior tranches.transaction results in overall negative impact of approximately 120 basis points on CET1 ratio.sale in line with objectives set out by lender's 2017-18 business plan .made through transfer to a special purpose vehicle.senior tranche worth 464 million euros.deconsolidation of portfolio determines improvement of the gross NPL ratio to an estimated 21.2 percent from 27.2 percent at March 31, 2017.General Manager Mauro Salvetti says transaction is "key step in the de-risking of the bank's balance sheet... improved asset quality level of the group by bringing the NPL ratio back to a level that is similar to Creval's direct peers"..

Equiniti to buy Wells Fargo Share Registration & Services business for $227 mln

Wednesday, 12 Jul 2017 02:00am EDT

July 12 (Reuters) - Equiniti Group Plc ​:‍Proposed acquisition and carve out of Wells Fargo Share Registration & Services business for total cash consideration of $227 million.Says ‍acquisition expected to be strongly earnings accretive in first full year of ownership.Says ‍acquisition expected to be double digit earnings accretive by end of second full year of ownership.Says ‍expected cost synergies of deal estimated to be at least $10 million per annum.Says ‍expected cost synergies achievable by third full year of ownership, with 50% achieved by second full year of ownership.Consideration, transaction expenses expected to be financed from planned £122 million rights issue ​.Says ‍rights issue is expected to be launched in September 2017.Cash consideration, transaction expenses also expected to be financed from £120 million fully underwritten new debt facilities.Acquisition is anticipated to complete during Q4 2017/Q1 2018 following completion of carve out of WFSS and regulatory approval.

ABN Amro announces discontinuation of its World Citizen Services (wcs) concept

Friday, 7 Jul 2017 07:17am EDT

July 7 (Reuters) - ABN AMRO GROUP NV ::ABN AMRO HAS DECIDED TO DISCONTINUE ITS WORLD CITIZEN SERVICES (WCS) CONCEPT.OFFICES IN VALBONNE AND MARBELLA TO BE CLOSED.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary