by Amruth Sundarkumar | Aug 2, 2021 | Banks
European banks BNP Paribas, BBVA and UniCredit Reported upbeat earnings results: French banking major BNP Paribas reported net income of €2.9bn ($3.4bn) in Q2, a 27% YoY jump. Its domestic markets division saw revenues rise ~10% while investment banking (IB) reported...
by Amruth Sundarkumar | Jun 9, 2021 | Banks
Spanish lender BBVA announced plans to lay off about 3,000 employees, ~13% of its workforce in Spain, and close 480 branches “to ensure the competitiveness and sustainability of future employment in the entity given the current context of profound transformation...
by bondevalue | May 2, 2021 | Financial Institutions
BNP Paribas reported first-quarter net income of €1.8bn ($2.18bn), up 38% YoY. Its investment banking division reported strong revenue growth, up 25% YoY while its FICC revenues dropped 16%. “It’s a quarter where basically all lights are green”, CFO Lars Machenil...
