Bank Brunch/NatWest and Standard Chartered capital, DZ Hyp 10yr covered, Money Market Fund reforms

UK banks target US dollar market with regulatory capital prints. DZ Hyp returns in the less crowded, albeit less attractive, longer end. The FSB publishes its review on Money Market Fund reforms

Bank Brunch/NatWest and Standard Chartered capital, DZ Hyp 10yr covered, Money Market Fund reforms

UK banks target US dollar market with regulatory capital prints. DZ Hyp returns in the less crowded, albeit less attractive, longer end. The FSB publishes its review on Money Market Fund reforms

Coffee, Croissants & Credit/Standard Chartered reports strong numbers

Standard Chartered (STANLN) reported solid earnings this morning with upbeat revenues and strong capital metrics. Standard Chartered reported US$1.2bn statutory profit in 1Q18, up by 20% YoY. The improvement was driven by 7% higher operating income, as the income in Transaction Banking, Mortgages, Wealth Management and Deposits grew by 18% YoY. The strong revenue development more than offsets the 5% higher other operating expenses. The bank indicates to be on track to exceed its 4yr US$2.9bn gross cost efficiency target by the end of this year. We retain our “Stable” credit assessment.

Credit Morning 04/07/2025

ams OSRAM: Moody’s cuts the rating to B3/stable from B2/negative|The possible sale of SFR is causing a stir in the telecoms sector (Le Figaro)|Groupama published an excellent set of FY2024 results|

Morning Crédit 07/04/2025

ams OSRAM : Moody’s dégrade le rating de B2/négative à B3/stable|La possible vente de SFR met le secteur télécoms en effervescence (le Figaro)|Groupama a publié des résultats 2024 records|

Shell Plc : Lower oil price will push earnings estimates down