Vanya Damyanova

Mar 28, 2024 | spglobal.com | Vanya Damyanova

European investment banks are well placed to compete for a bigger share of sector revenues in 2024 after strengthening their positions in key markets in recent years. While bulge-bracket US firms are set to remain global market leaders, European players are now well-placed to regain sector market share lost since 2008 thanks to yearslong restructuring and repositioning of their investment bank divisions, market observers said.

Dec 3, 2023 | spglobal.com | Vanya Damyanova

Investment banks expect 2024 rebound as companies adjust to higher rates Major US and European investment banks expect their advisory and underwriting businesses to recover in 2024 as companies begin to accept higher-for-longer interest rates. . This article is part of a series investigating the impact of higher-for-longer interest rates on Europe's banks.

Nov 12, 2023 | spglobal.com | Vanya Damyanova

Barclays PLC and NatWest Group PLC further downgraded their 2023 net interest margin guidance as rate headwinds hit margins across the largest UK banks in the third quarter. Net interest margins (NIMs) — which measure banks' earnings on loans against spending on deposits — fell quarter over quarter at Barclays, HSBC Holdings PLC, Lloyds Banking Group PLC and NatWest, company filings show.

Nov 6, 2023 | spglobal.com | Vanya Damyanova

UBS Group AG is not in a hurry to wind down the noncore and legacy operations of recently-acquired Credit Suisse Group AG as it aims for "creating value, not just headlines," group CEO Sergio Ermotti said Nov. 7. Unwinding positions too quickly would affect UBS' capital accretion and its ability to return capital to shareholders, Ermotti said during a third-quarter earnings call with analysts.

Aug 28, 2023 | spglobal.com | Vanya Damyanova

The UK's largest banks have adjusted their net interest margin guidance for 2023 in anticipation of further Bank of England rate hikes. Net interest margins (NIMs) — which measure the difference between the interest banks earn and pay out — are expected to come under greater pressure as borrowers adjust to a higher-for-longer rate environment. Deposit repricing and declining deposit balances are already offsetting some of the rate-related earnings benefits for banks.