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New CEO Nicolas Namias looks to bolster asset management business
Chief executive expects profits to rise to €5bn in 2022 after integration of UBI Banca
Two deputy chief executives to leave French bank amid focus on transformation
François Riahi departs after ‘strategic differences’ on options for French lender’s future
Supervisory board elects Hans-Jörg Vetter despite opposition from second-largest shareholder
The French lender remains a model of the wrong kind of consistency
Dividend cancellations during coronavirus crisis weigh heavily on French lender
Swiss judges find that former compliance officer breached anti-money laundering rules over $700m transfer
French bank expects recovery by mid-2022 but increases provisions for potential defaults
Spanish lender takes €6bn cut to value of UK arm amid deteriorating economic outlook
The banks have shown how to use the pandemic to bury bad news as well as hide better tidings
Germany’s biggest lender says revenue outlook for this year has improved
Other financial strength indicators should help investors sort the sheep from the goats
Creating new rules for cross-border lenders would speed economic recovery
Take-up of tender offer crosses 50% threshold after key shareholder group gives backing
Central bank also restricts buybacks and calls on lenders to be ‘moderate’ in bonuses
Accenture estimates of Covid-related charges reflect riskier lending
Largest UK, Swiss and eurozone lenders expected to make at least €23bn in provisions as they tackle Covid pain
Central bankers welcome joint debt issuance agreement as a potential breakthrough
European currency set for more gains as investors shift from the US, analysts say
European lenders must tackle bad loans now instead of waiting
Italian lenders reduce exposure to bad debts before expected wave of Covid-era defaults
Germany’s largest lender says that balance sheet is in better shape than forecast
Swiss lender considers returning more capital to shareholders in the coming months after a challenging first half
Worst-case scenario from Oliver Wyman consultancy paints bleak picture for sector still struggling from 2008
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