{
}
Barclays reported a significant surge in fixed income trading revenues, reaching €2 billion in Q1, marking an 82% QoQ and 21% YoY increase, though still 4% below Q2 2024's record. The bank's success was attributed to strong activity in rates, FX, and securitised products.BNP Paribas followed with a 4% YoY rise to €1.7 billion, while HSBC experienced a remarkable 240% QoQ increase, albeit with revenues of €468 million, placing it at the bottom of the pack. Other banks like UBS and Societe Generale also showed notable growth, with UBS reporting €589 million, up 55% QoQ.
Citi has appointed Christopher Chang as the new head of markets solutions for financial institutions in Asia, effective July, based in Singapore. He will report to Cecile Gambardella and Sue Lee, leveraging his 28 years of experience from Goldman Sachs and other major banks to enhance Citi's client offerings. This move follows recent expansions in Citi's Asia FX markets team.
Christopher Chan has been appointed as the head of markets solutions for financial institutions at Citi Markets, overseeing strategies for bespoke hedging, financing, and investment solutions in Asia South and Asia North. Previously, he spent over a decade at Goldman Sachs as head of FICC and Equity Distribution for Southeast Asia. Chan brings over 28 years of experience in markets and debt capital, having held senior roles at Deutsche Bank and Nomura.
Morgan Stanley has rated Macquarie Group (MQG) as Equal-weight, following the sale of its North American and European public markets business to Nomura for approximately $2.8 billion in cash. This transaction enables Macquarie to concentrate on higher-growth alternatives, resulting in a $500 million gain and the release of around $1 billion in capital.The firm maintains a target price of $191 for MQG, which is currently trading at $180.83, indicating a potential return of about 5% if the target is met, excluding dividends, fees, and charges.
Lloyds and Nomura CM are making significant moves in the wealth management sector, reflecting ongoing shifts in the industry. These changes highlight the evolving landscape as firms adapt to new market demands and client needs. The focus remains on enhancing service delivery and operational efficiency.
UBS has raised its target price for HDFC Bank shares to INR 2,250, maintaining a Buy recommendation, following the bank's strong quarterly results that exceeded expectations. The bank reported a profit after tax of INR 176.2 billion, driven by a 10% increase in net interest income and improved asset quality, despite a slight decline in net interest margins. Nomura also upgraded its rating to Buy, citing robust deposit growth and stable asset quality, reflecting confidence in HDFC Bank's financial resilience amid economic challenges.
Major stock indexes in Asia plummeted following the implementation of President Trump's 104% tariffs on China, triggering fears of a recession and a sell-off in Treasuries. The US dollar weakened against safe-haven currencies, while the yuan hovered near its lowest level since 2007. Analysts warn that the escalating trade war could significantly impact the global economy, with JPMorgan estimating a $400 billion tax hike on US households and businesses due to the tariffs.
Sir Tom Scholar, the former Treasury chief dismissed by Liz Truss, is poised to become the new chairman of Santander UK, pending regulatory approval. His appointment comes amid speculation about the bank's future, including potential mergers, although Santander's group executive chair has indicated the UK remains a core market. Scholar, respected for his role during the 2008 financial crisis and the COVID-19 furlough scheme, will collaborate with CEO Mike Regnier if confirmed.
J.P. Morgan has raised its forecast for a U.S. and global recession to 60%, citing escalating trade tensions and tariffs as major risks to business confidence and growth. Other brokerages, including Goldman Sachs and S&P Global, have also increased their recession probabilities, while analysts predict potential interest rate cuts by the Federal Reserve to mitigate economic impacts.
Charles Schwab Investment Management Inc. increased its stake in Nomura Holdings, Inc. by 22.5%, owning 382,107 shares valued at $2.2 million. Despite a Hold rating from analysts, Nomura's stock performance shows a 52-week range of $4.66 to $6.99, with a recent EPS of $0.22, surpassing estimates. Several hedge funds have also adjusted their positions, indicating ongoing interest in the financial services provider.
Nomura Holdings, Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Barclays leads fixed income trading revenues in strong first quarter performance
Euro
Nomura Holdings, Inc.
Barclays PLC
BNP Paribas SA
FRA
CHE
JPN
GBR
Lars Machenil
Angela Cross
Show more
13:26 02.05.2025
Citi appoints Christopher Chang as head of markets solutions for Asia
United States Dollar
The Goldman Sachs Group, Inc.
Citizens, Inc.
Deutsche Bank RV Global PP
Nomura Holdings, Inc.
UWS JP Morgan EM A OSB
SGP
Anand Goyal
Cecile Gambardella
Christopher Chang
Sue Lee
Show more
11:49 25.04.2025
citi markets names christopher chan as head of markets solutions for asia
United States Dollar
Nomura Holdings, Inc.
Citizens, Inc.
Deutsche Bank RV Global PP
The Goldman Sachs Group, Inc.
SGP
Christopher Chandler
Show more
10:09 25.04.2025
Morgan Stanley rates Macquarie Group equal-weight after strategic asset sale
02:30 23.04.2025
wealth management personnel changes at lloyds and nomura cm
13:45 22.04.2025
ubs raises hdfc bank price target to 2250 rupees amid strong performance
Indian Rupee
United States Dollar
ICICI Bank Ltd
HDFC Bank Ltd
Nomura Holdings, Inc.
IND
Vishal Goyal
Show more
07:06 21.04.2025
global markets plunge as trump's tariffs on china take effect
Swiss Franc
New Zealand Dollar
Japanese Yen
Chinese Yuan
United States Dollar
JPMorgan Chase & Co.
MSCI Inc.
Reserve Bank OF NEW Zealand BANK
Nomura Holdings, Inc.
JPN
USA
NZL
CHN
Ting Lu
Donald Trump
Show more
07:33 09.04.2025
santander uk considers sir tom scholar for chairman position amid speculation
British Pound Sterling
Barclays PLC
Lloyds Banking Group plc
Banco Santander, S.A.
Nomura Holdings, Inc.
NatWest Group plc
GBR
JPN
ESP
Donald Trump
Tom Scholar
William Vereker
Eluned Morgan
Liz Truss
Ana Botina
Show more
10:11 05.04.2025
global brokerages raise recession odds as trade tensions escalate
United States Dollar
Barclays PLC
S&P Global Inc.
The Goldman Sachs Group, Inc.
Nomura Holdings, Inc.
J.P.Morgan iDex Pure Beta Short (JPB2LAG) Index
Deutsche Bank Money Market PP
Citigroup Inc.
GBR
CHN
USA
Shounak Dasgupta
Sonia Cheema
Kanchana Chakravarty
Reinhard Krause
Show more
17:05 04.04.2025
nomura holdings sees increased institutional investment amid mixed analyst ratings
09:08 30.03.2025
Trending
Subcategory
Stock Market Updates
Market Analysis and Predictions
Banking Regulations
Finance Mergers & Acquisitions
Corporate Responsibility & ESG
Corporate News
AI Innovations
Industry Trends
Hedge Funds & Private Equity
Product Launches
Venture Capital Investments
Swiss Financial Market Supervisory Authority
Software Development Trends
Retail and Consumer Goods
AI Applications
AI Ethics & Policy
Global Financial Events
Commodities
SEC & Financial Compliance
Emerging Startups
Countries:
Companies:
UBS Group AG
Microsoft Corporation Corp.
Huawei Technologies CO. Ltd.
Raiffeisen Bank International AG
Credit Suisse Group Ltd.
Apple Inc.
DEUTSCHE BANK AG
Archer-Daniels-Midland Company
Berkshire Hathaway Inc.
Amazon.com Inc.
UBS GROUP B.V.
Wells Fargo & Company
Zürcher Kantonalbank
Mistral 1
Nvidia Corporation
Bank of America Corp.
Bank of America Corporation
United Internet AG
UBS AG
Banque Cantonale Vaudoise
Currencies:
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
Offshore Chinese Yuan
New Zealand Dollar
Japanese Yen
Hong Kong Dollar
Mexican Peso
Australian Dollar
People:
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.