by bondevalue | Mar 3, 2021 | Banks, Financial Institution Bonds
Goldman Sachs raised $7bn via a jumbo six-trancher priced on Tuesday. Details of the issuance are as follows: The SEC- registered bonds have expected ratings of A2/BBB+/A. Proceeds will be used for general corporate purposes.
by bondevalue | Feb 25, 2021 | Banks, Financial Institutions
Standard Chartered (StanChart) reported 4Q2020 pre-tax statutory losses of $449mn as compared to $194mn during the same period in 2019. Annual profits came at $1.6bn in 2020 vs $3.7bn in 2019, down 57%. Major drawdowns to the profits were seen through credit...
by bondevalue | Feb 24, 2021 | Banks, Financial Institutions
UK’s Lloyds Banking Group reported statutory pre-tax profits of £1.2bn ($1.7bn) down ~72% YoY for 2020. Net income was at £14.4bn ($20.4bn) down 16% YoY and net profits at £1.4bn ($1.97bn) down 54% YoY, reflecting lower interest rates and reduced levels of customer...
by bondevalue | Feb 23, 2021 | Banks
HSBC reported a profit before tax of $8.8bn for 2020, down 34% YoY, beating expectations of $8.3bn. The bank also declared a dividend of $0.15/share to be paid in cash. Net profits were at $6.1bn, down 30% mainly due higher expected credit losses (ECL), impairment...
by bondevalue | Feb 19, 2021 | Banks, Financial Institutions
British lender Barclays reported Q4 profits were of £220mn ($307mn) and full year net profits of £1.53bn ($2.11bn), down 38% YoY. The corporate and investment banking unit saw income rise 22% to £12.5bn ($17.5bn) but this was offset by credit impairment charges of...
by bondevalue | Feb 18, 2021 | Banks, Financial Institutions
Credit Suisse reported 4Q2020 net losses of CHF353mn ($393mn) as against profits of CHF852mn ($949)in the same period last year while net revenues fell to CHF5.2bn ($5.8bn), down 16%. Annual net revenues were down 4% to CHF5.3bn ($5.9bn) and net profits were down 22%...
