SocGen appoints Japanese Prime Services boss
Societe Generale has recruited a new boss for the Japanese division which now incorporates Prime Brokerage and Clearing, Global Execution Services and Cross-asset Secured Financing.
Sell-Side
SocGen sees equities fall by a third
Global markets and investor services business sees difficult first half of the year, with equities tanking over 33%.
Mizuho integrates European derivatives trading
The new platform is the latest effort from Mizuho as expands its European interest rate derivatives capabilities.
HSBC chief reports ‘reasonable’ half-year as profits slide 28%
HSBC reports considerable uncertainty and a difficult economic environment saw half-year profits plummet 28%.
JP Morgan’s Dimon says Brexit will cost European clients
Jamie Dimon explained ‘duplicate costs’ created by Brexit will be borne by European Clients.
UBS equities income tanks by 22%
Equities trading income dropped by 22% in the second quarter of 2016, but the bank's profits surprised analysts on the upside.
ITG targets MiFID II unbundled commissions
Frank Troise has said ITG wants to snatch a share of current bundled commissions through improved execution offering.
Barclays see half-year trading slump
Barclays’ fixed income half-year sales fell 30%, despite a 10% surge in bond revenues in the second quarter this year.
ITG’s US business performance prompts group quarterly loss
ITG sees quarterly loss, amid revenue declines in its US business and large settlement costs.
Credit Suisse trading income drops 18%
Despite a strong quarter for the banking group as a whole, income from trading dropped by almost a fifth.