reports
- Suvi Platerink Kosonen
Bank on it/Barclays 2Q: the end of the rates tailwind
Barclays reported strong capital but lowered its NIM guidance. This lower guidance suggests that revenue support from higher rates is slowing down. Negative implications are instead only starting to come through as cost of risk guidance implies a weaker 2H. 2H issuance is likely to focus on senior debt. Barclays announced it will call its AT1, a positive also for its outstanding callable paper.
- Julie Cichon
- Suvi Platerink Kosonen
European banks/Supply shifts to senior from subordinated
We look at the progress in unsecured bond supply of the largest banks in 11 European countries, covering 28 bond issuers. We estimate that these banks have, on a year-to-date basis, completed on average 52% of their 2021 (unsecured) funding programmes. We consider banks in Belgium, Spain and France to be especially well positioned in terms of issuance progress as compared with expected total funding for the year. Banks in Austria, Denmark and the Netherlands may be more active in 2H21.
CBK COMMERZBANK AG
DANSKE DANSKE BANK A/S
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
RBI RAIFFEISEN BANK INTERNATIONAL AG
ISP INTESA SANPAOLO S.P.A.
BRIO BANCO SANTANDER RIO B
SGBJ SOCIETE GENERALE DE BANQUE-JORDANIE
SCBK STANDARD CHARTERED BANK KENYA LTD
CABK CAIXABANK SA
NWG NATWEST GROUP PLC
BG BAWAG GROUP AG
BCS. BARCLAYS PLC CEDEAR
HSBC.. HSBC HOLDINGS PLC CEDEAR
NDA DK NORDEA BANK ABP
LYG. LLOYDS BANKING GROUP PLC CEDEAR
ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG ERSTE NTX INDEX
BBV. BANCO BILBAO VIZCAYA ARGENTARIA S.A. CEDEAR
688598 KBC (A)
- Alyssa Gammoudy
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Suvi Platerink Kosonen
UK banks: The return of the releases
UK banks HSBC, Lloyds Banking Group, NatWest Group and Standard Chartered have reported their 1Q21 numbers, while Barclays is set to report tomorrow. The general message so far regarding loan quality has been rather reassuring, with three of these banks improving guidance for cost of risk in 2021.
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Alyssa Gammoudy
- Hendrik Wiersma
- Jeroen van den Broek
- Nadège Tillier
- Suvi Platerink Kosonen
- Timothy Rahill
- Suvi Platerink Kosonen
European banks/The weak and the strong
EBA published the 2018 stress test results for European banks today (2 November). Altogether 48 financial institutions covering around 70% of the total banking assets across the region were tested. The weakest banks based on stressed capital ratios were in the UK, Italy, Germany and France. The strongest banking sectors were found in Norway, Finland and Poland.
- Jean-Christophe Dourret
- Jean-Christophe Dourret
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Nadège Tillier
Coffee, Croissants & Credit/Barclays explores merger opportunities
Barclays' (BACR) board members have been exploring wide-ranging contingency plans including a merger with Standard Chartered (STANLN) according to the FT citing people familiar with the matter. The story underlines that there has not been formal discussions of the potential combination with Standard Chartered on the Barclays board, but a private conversation had taken place between a director at each bank.
- Hendrik Wiersma
- Jeroen van den Broek
- Job Veenendaal
- Nadège Tillier
Coffee, Croissants & Credit/UK Court dismisses charges against Barclay...
Barclays (BACR) indicated yesterday that the UK Crown Court had dismissed all charges brought by the Serious Fraud Office (SFO) against Barclays PLC and Barclays Bank. The charges were related to Barclays' capital raising in 2008 regarding fraud by false representations relating to agreements with Qatar Holding and unlawful financial assistance in relation to a US$3bn loan provided to the State of Qatar. According to Barclays, the SFO is likely to re-instate these charges by applying to High C...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.