BNP Paribas BP, the Polish arm of BNP Paribas, reported a net profit of 2.36bn zlotys (£611.76m) for the financial year, surpassing the forecast of 2.18bn zlotys.
buff.ly/4DWozuK@BNPParibas#finance#Banking
UBS is contemplating the sale of part of its asset management division, primarily focused on Swiss real estate investments, as it seeks to revamp its smallest business unit.
buff.ly/Vra3xrL#UBS#finance#banking
@DeutscheBank has projected increased revenue for 2025 across its investment bank and three main business units, despite a sluggish German economy and challenges in the automotive sector.
buff.ly/7Cf7fhC#Finance#Banking#Economy
Legal & General has announced a £500m share buyback this year and confirmed plans to return more than £5bn to shareholders over the next three years.
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@TheFCA has released a statement clarifying its position on sustainability and defence investments, saying: “Our sustainability rules do not prevent investment in or finance for defence companies.”
buff.ly/H9vLa96#finance#banking
Major Japanese financial institutions have reported improved profitability due to rising interest rates, according to the Bank of Japan's annual report on the banking sector.
buff.ly/cla5XAX#finance#banking
Société Générale's CEO Slawomir Krupa is planning significant cost cuts, including IT and consulting, to improve efficiency and reduce the bank's high cost-to-income ratio.
buff.ly/4Q8l8cC#finance#banking
The Net-Zero Banking Alliance will ask members, including HSBC and Barclays, to vote on relaxing its climate commitment, allowing banks to align with a less stringent goal of limiting warming to below 2C.
buff.ly/NKtBXdG#NetZero#Finance#banking
@TheFCA is advancing its review of the motor finance scandal, planning to consult on an industry-wide redress scheme pending the Supreme Court's decision on undisclosed commissions, following the Court of Appeal's ruling.
buff.ly/95VU2dN#finance#banking
@LloydsOfLondon reported a 6.5% increase in gross written premiums, reaching £55.5bn, despite facing an estimated $2.3bn loss from the wildfires that devastated Los Angeles earlier this year.
buff.ly/NDMFAk1#finance#banking
@WellsFargo has filed a lawsuit against @JPMorgan Chase to recover losses from a $481m commercial real estate loan, which it claims was based on fraudulently inflated financial metrics.
buff.ly/BfBS8pk#finance#banking