Britain unveils plan to return NatWest to majority private control
LONDON, July 22 (Reuters) – Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley to sell NatWest shares on its behalf in […]
German bank LBBW signs with Dutch fintech TreasurUp for online FX hedging services
Landesbank Baden-Württemberg has signed a cooperation agreement with the Dutch FinTech venture TreasurUp. The aim is to introduce a digital solution for foreign exchange risk management, especially targeted at small and medium-sized corporate customers. LBBW will make this online hedging service available to both corporate customers of the Sparkassen-Finanzgruppe as well as its own […]
Barclays pays out more than $1 bln to investors as profits rebound
H1 profit 5 billion pounds (2020: 1.3 billion) Bank launches 500 million pound buyback CEO says will stay around 2 more years Shares rise 3% LONDON, July 28 (Reuters) – Barclays (BARC.L) will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts as bad loan fears receded […]
Deutsche Bank optimistic on revenues after profit beat
Longest streak of quarterly profit since 2012 Shares open higher but early gains fizzle Investment banking revenue drops as expected FRANKFURT, July 28 (Reuters) – Deutsche Bank (DBKGn.DE) on Wednesday delivered a fourth consecutive quarterly profit for the first time in nearly a decade and raised its revenue outlook despite a decline in business at its […]