maxinblack
Forumer storico
No scusate ho preso queste mi sono sbagliato a copiare l' ISIN
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (7 lettori)
- Creatore Discussione negusneg
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- Stato
No scusate ho preso queste mi sono sbagliato a copiare l' ISIN
reef
...
Oggi ho aggiornato un po' in ritardo
, domani non dovrei avere problemi particolari.Mais78
BAWAG fan club
Oggi ho aggiornato un po' in ritardo
Reef, dimmi tu quale excel vi devo aggiornare domani, anche oggi ho usato la versione sul mio pc.
Grazie
reef
...
Entro domattina metto qui il foglio di negus aggiornato per te.
Domattina lo proviamo e se non va continuiamo col vecchio.
Per tutti: già che ci siamo mandatemi via MP un po' di ISIN da inserire, verificando che il negus non li abbia già inseriti.
Ciao
Topgun1976
Guest
Mah la Bayern è una banca regionale con parecchi problemi,tipo hsh che è di due provincie tedesche.
Le main non le conosco poco...cmq guarda dove sono le nostre popolari e dove sono le loro...cè una bella differenza
Topgun1976
Guest
BNP Paribas SA, France’s largest bank, reported an increase in second-quarter profit, helped by the acquisition of Fortis assets and higher investment-banking revenue. Net income rose 6.6 percent to 1.6 billion euros ($2.3 billion), compared with 1.51 billion euros reported a year earlier, the Paris-based bank said in an e-mailed statement today. Earnings beat the 1.26 billion-euro median estimate of 17 analysts surveyed by Bloomberg.
The corporate and investment bank posted pretax profit of 1.15 billion euros, more than doubling from the year earlier on higher fixed-income revenue following a thaw in credit markets. BNP Paribas also recorded 261 million euros in net income from the Fortis operations it purchased earlier this year.
“That’s one of the reasons why we like BNP Paribas, because of their strong CIB division,” Jaap Meijer, a London- based analyst at Evolution Securities who rates BNP Paribas “buy,” said before the release of earnings.
BNP Paribas gained 74 percent so far this year in Paris trading, the eighth-biggest gain in the 63-company Bloomberg Europe Banks and Financial Services Index. Paris-based Societe Generale SA, France’s No. 2 bank by market value, has risen 28 percent this year.
‘Good Start’
“This was another strong quarter,” Chief Executive Officer Baudouin Prot said in an interview with Bloomberg Television. “Certainly we are off to a good start with Fortis.”
Earnings at the investment bank exceeded analysts’ median estimate of 944 million euros. The unit returned to profit in the first quarter following a record 2.07 billion-euro pretax loss in the final three months of 2008 triggered by market swings after the collapse of New York-based Lehman Brothers Holdings Inc.
Barclays Plc and HSBC Holdings Plc surged in London trading yesterday after earnings from their securities units doubled in the first half. Goldman Sachs Group Inc. of New York posted record quarterly profit last month on revenue from trading stocks and bonds.
Fortis Purchase
BNP Paribas started integrating Fortis in May. The French bank won investors’ support in April, ending a seven-month battle to swallow the Belgian and Luxembourg banking assets of what was once Belgium’s largest financial-services company. BNP Paribas said it will lay out the industrial plan for Fortis on Dec. 1.
“They’re going to benefit dramatically from Fortis,” said Meijer at Evolution Securities. “They’re strengthening themselves during the crisis.”
BNP Paribas also booked an 815 million-euro “badwill” gain linked to the Fortis purchase. That was offset by writedowns on past acquisitions of 524 million euros, 440 million euros of markdowns on shares in companies including South Korea’s Shinhan Financial Group, and a 237 million-euro charge related to an improvement in its own debt, BNP said.
BNP Paribas, which largely sidestepped the U.S. subprime mortgage market collapse, hasn’t been able to dodge the economic impact. Total provisions for risky loans at BNP Paribas more than tripled to 2.35 billion euros in the quarter, above the 1.88 billion-euro estimate of analysts.
Capital Ratio Rises
The Tier 1 capital ratio, a key indicator of financial health, rose to 9.3 percent at the end of June from 8.8 percent at the end of March.
BNP Paribas said March 31 it issued 5.1 billion euros in preference shares to be bought by the French government as part of the country’s aid to banks. In return for the government cash injection, BNP Paribas and other French banks agreed to increase the volume of outstanding loans to households and companies.
Chairman Michel Pebereau, 67, and Prot, 58, were the first among top managers at France’s largest banks to give up bonuses for 2008, clearing the way for state assistance.
Prot said in June that French banks may start repaying state aid in the beginning of 2010.
Pretax earnings at the French retail network fell to 394 million euros from 461 million euros a year earlier, the bank said. Retail banking in emerging markets had a pretax loss of 39 million euros, compared with a 147 million-euro profit a year earlier. BNP, which stopped making new loans in Ukraine after posting losses at its retail unit in the country, said in May it cut 480 jobs and closed 81 branches there. The French bank has closed 69 additional branches in the country during the second quarter, it said.
BancWest, the U.S. retail banking unit, had a pretax loss of 70 million euros, compared with a 115 million-euro profit a year earlier. Pretax earnings at the Italian retail network BNL, acquired in 2006, fell to 145 million euros from 187 million euros a year earlier.
Separately, BNP Paribas said it agreed to increase its stake in Italian consumer credit company Findomestic to 75 percent from 50 percent.
The corporate and investment bank posted pretax profit of 1.15 billion euros, more than doubling from the year earlier on higher fixed-income revenue following a thaw in credit markets. BNP Paribas also recorded 261 million euros in net income from the Fortis operations it purchased earlier this year.
“That’s one of the reasons why we like BNP Paribas, because of their strong CIB division,” Jaap Meijer, a London- based analyst at Evolution Securities who rates BNP Paribas “buy,” said before the release of earnings.
BNP Paribas gained 74 percent so far this year in Paris trading, the eighth-biggest gain in the 63-company Bloomberg Europe Banks and Financial Services Index. Paris-based Societe Generale SA, France’s No. 2 bank by market value, has risen 28 percent this year.
‘Good Start’
“This was another strong quarter,” Chief Executive Officer Baudouin Prot said in an interview with Bloomberg Television. “Certainly we are off to a good start with Fortis.”
Earnings at the investment bank exceeded analysts’ median estimate of 944 million euros. The unit returned to profit in the first quarter following a record 2.07 billion-euro pretax loss in the final three months of 2008 triggered by market swings after the collapse of New York-based Lehman Brothers Holdings Inc.
Barclays Plc and HSBC Holdings Plc surged in London trading yesterday after earnings from their securities units doubled in the first half. Goldman Sachs Group Inc. of New York posted record quarterly profit last month on revenue from trading stocks and bonds.
Fortis Purchase
BNP Paribas started integrating Fortis in May. The French bank won investors’ support in April, ending a seven-month battle to swallow the Belgian and Luxembourg banking assets of what was once Belgium’s largest financial-services company. BNP Paribas said it will lay out the industrial plan for Fortis on Dec. 1.
“They’re going to benefit dramatically from Fortis,” said Meijer at Evolution Securities. “They’re strengthening themselves during the crisis.”
BNP Paribas also booked an 815 million-euro “badwill” gain linked to the Fortis purchase. That was offset by writedowns on past acquisitions of 524 million euros, 440 million euros of markdowns on shares in companies including South Korea’s Shinhan Financial Group, and a 237 million-euro charge related to an improvement in its own debt, BNP said.
BNP Paribas, which largely sidestepped the U.S. subprime mortgage market collapse, hasn’t been able to dodge the economic impact. Total provisions for risky loans at BNP Paribas more than tripled to 2.35 billion euros in the quarter, above the 1.88 billion-euro estimate of analysts.
Capital Ratio Rises
The Tier 1 capital ratio, a key indicator of financial health, rose to 9.3 percent at the end of June from 8.8 percent at the end of March.
BNP Paribas said March 31 it issued 5.1 billion euros in preference shares to be bought by the French government as part of the country’s aid to banks. In return for the government cash injection, BNP Paribas and other French banks agreed to increase the volume of outstanding loans to households and companies.
Chairman Michel Pebereau, 67, and Prot, 58, were the first among top managers at France’s largest banks to give up bonuses for 2008, clearing the way for state assistance.
Prot said in June that French banks may start repaying state aid in the beginning of 2010.
Pretax earnings at the French retail network fell to 394 million euros from 461 million euros a year earlier, the bank said. Retail banking in emerging markets had a pretax loss of 39 million euros, compared with a 147 million-euro profit a year earlier. BNP, which stopped making new loans in Ukraine after posting losses at its retail unit in the country, said in May it cut 480 jobs and closed 81 branches there. The French bank has closed 69 additional branches in the country during the second quarter, it said.
BancWest, the U.S. retail banking unit, had a pretax loss of 70 million euros, compared with a 115 million-euro profit a year earlier. Pretax earnings at the Italian retail network BNL, acquired in 2006, fell to 145 million euros from 187 million euros a year earlier.
Separately, BNP Paribas said it agreed to increase its stake in Italian consumer credit company Findomestic to 75 percent from 50 percent.
Topgun1976
Guest
Aug. 4 (Bloomberg) -- UBS AG, Switzerland’s biggest bank by assets, reported a third straight quarterly loss on costs tied to cutting jobs and charges from an improvement in the company’s own debt.
The net loss widened to 1.4 billion Swiss francs ($1.32 billion) in the second quarter from 395 million francs a year earlier, the Zurich-based bank said in a statement today. The loss was smaller than the 1.5 billion-franc median estimate of 11 analysts surveyed by Bloomberg.
Chief Executive Officer Oswald Gruebel, who cut 7,500 jobs and sold a Brazilian unit since joining in February, said that while markets improved in the second quarter, a sustainable economic recovery “is not yet visible.” A settlement of the U.S. lawsuit seeking data on 52,000 clients may bring UBS closer to Gruebel’s goal of halting withdrawals by wealth management clients, which amounted to 22.3 billion francs in the quarter.
“By confirming it has reached an agreement over the tax fraud case, UBS has put legacy risks behind,” Alain Tchibozo, a London-based analyst at ING, said in a note before the release of earnings, raising his rating on UBS to “buy” from “hold.” “Management will now have plenty of time to focus on delivering the restructurings promised.”
UBS gained 6.5 percent in Swiss trading since July 31, when U.S. Justice Department attorney Stuart Gibson said in a telephone conference call with District Judge Alan Gold that the U.S. and Switzerland “have reached an agreement in principle on the major issues” related to the lawsuit. Remaining points may be settled before Aug. 7, he said.
U.S. Lawsuit
The U.S. sued UBS on Feb. 19, seeking names of 52,000 clients, a day after the bank agreed to pay $780 million to defer prosecution for helping wealthy Americans evade taxes. UBS agreed then to give the U.S. data on more than 250 accounts.
The IRS is seeking the additional names because it suspects American account holders of evading taxes. Switzerland called the case a threat to its sovereignty and said it would force UBS to violate criminal laws protecting bank secrecy. The parties declined to provide any additional information on the agreement.
“We look forward to a definitive resolution of the U.S. cross-border matter,” Gruebel and Chairman Kaspar Villiger said in a letter to shareholders. “This is a positive development in a matter that has adversely affected our efforts to regain the trust of our clients and restore momentum to our businesses.”
Brazil Impairment
UBS said the second quarter earnings included a 1.2 billion-franc charge related to the company’s own debt, 582 million francs in reorganization costs and a goodwill impairment of 492 million francs related to the sale of Brazil’s UBS Pactual unit.
The bank’s securities unit reported a pretax loss of 1.85 billion francs, compared with a loss of 5.24 billion francs a year ago. Earnings at the wealth management and Swiss bank halved to 932 million francs, while wealth management Americas had a pretax loss of 221 million francs, compared with a 748 million-franc deficit a year ago. Asset management profit dropped 77 percent to 82 million francs.
Before the second quarter, UBS had amassed $53.1 billion in writedowns and losses from the financial crisis and had to raise more than $38 billion to replenish capital from investors including the Swiss government, data compiled by Bloomberg show. The bank said in June it expected a loss for the second quarter.
Zurich-based Credit Suisse Group AG, which declined government aid, posted on July 23 its second consecutive quarterly profit, beating analysts’ estimates as revenue from trading doubled. BNP Paribas, France’s largest bank, reported today a 6.6 percent increase in second-quarter profit.
‘Encouraging Signs’
UBS’s wealth-management units suffered 134 billion francs of net client withdrawals from the second quarter of last year through the first three months of 2009.
Gruebel, 65, told employees in a July 14 memo that they “must do everything” to stop money-management outflows, which continued in the second quarter. He said earnings showed “encouraging signs” as operating results improved and writedowns decreased.
UBS still plans to combine wealth management and Swiss banking with a securities business and asset management, Gruebel said at the time. The bank should focus on rebuilding and protecting its reputation, integrating its businesses more closely and increasing the quality and efficiency of servicing clients, he said.
Gruebel has shaken up top management since taking over from Marcel Rohner, 44, in February. UBS appointed Chi-Won Yoon, 50, as chairman and CEO for Asia-Pacific in June, replacing Rory Tapner, 49. Gruebel in April hired former Credit Suisse colleague Ulrich Koerner, 46, as chief operating officer and named Alexander Wilmot-Sitwell, 48, and Carsten Kengeter, 42, co-heads of the investment bank, replacing Jerker Johansson, 53.
The net loss widened to 1.4 billion Swiss francs ($1.32 billion) in the second quarter from 395 million francs a year earlier, the Zurich-based bank said in a statement today. The loss was smaller than the 1.5 billion-franc median estimate of 11 analysts surveyed by Bloomberg.
Chief Executive Officer Oswald Gruebel, who cut 7,500 jobs and sold a Brazilian unit since joining in February, said that while markets improved in the second quarter, a sustainable economic recovery “is not yet visible.” A settlement of the U.S. lawsuit seeking data on 52,000 clients may bring UBS closer to Gruebel’s goal of halting withdrawals by wealth management clients, which amounted to 22.3 billion francs in the quarter.
“By confirming it has reached an agreement over the tax fraud case, UBS has put legacy risks behind,” Alain Tchibozo, a London-based analyst at ING, said in a note before the release of earnings, raising his rating on UBS to “buy” from “hold.” “Management will now have plenty of time to focus on delivering the restructurings promised.”
UBS gained 6.5 percent in Swiss trading since July 31, when U.S. Justice Department attorney Stuart Gibson said in a telephone conference call with District Judge Alan Gold that the U.S. and Switzerland “have reached an agreement in principle on the major issues” related to the lawsuit. Remaining points may be settled before Aug. 7, he said.
U.S. Lawsuit
The U.S. sued UBS on Feb. 19, seeking names of 52,000 clients, a day after the bank agreed to pay $780 million to defer prosecution for helping wealthy Americans evade taxes. UBS agreed then to give the U.S. data on more than 250 accounts.
The IRS is seeking the additional names because it suspects American account holders of evading taxes. Switzerland called the case a threat to its sovereignty and said it would force UBS to violate criminal laws protecting bank secrecy. The parties declined to provide any additional information on the agreement.
“We look forward to a definitive resolution of the U.S. cross-border matter,” Gruebel and Chairman Kaspar Villiger said in a letter to shareholders. “This is a positive development in a matter that has adversely affected our efforts to regain the trust of our clients and restore momentum to our businesses.”
Brazil Impairment
UBS said the second quarter earnings included a 1.2 billion-franc charge related to the company’s own debt, 582 million francs in reorganization costs and a goodwill impairment of 492 million francs related to the sale of Brazil’s UBS Pactual unit.
The bank’s securities unit reported a pretax loss of 1.85 billion francs, compared with a loss of 5.24 billion francs a year ago. Earnings at the wealth management and Swiss bank halved to 932 million francs, while wealth management Americas had a pretax loss of 221 million francs, compared with a 748 million-franc deficit a year ago. Asset management profit dropped 77 percent to 82 million francs.
Before the second quarter, UBS had amassed $53.1 billion in writedowns and losses from the financial crisis and had to raise more than $38 billion to replenish capital from investors including the Swiss government, data compiled by Bloomberg show. The bank said in June it expected a loss for the second quarter.
Zurich-based Credit Suisse Group AG, which declined government aid, posted on July 23 its second consecutive quarterly profit, beating analysts’ estimates as revenue from trading doubled. BNP Paribas, France’s largest bank, reported today a 6.6 percent increase in second-quarter profit.
‘Encouraging Signs’
UBS’s wealth-management units suffered 134 billion francs of net client withdrawals from the second quarter of last year through the first three months of 2009.
Gruebel, 65, told employees in a July 14 memo that they “must do everything” to stop money-management outflows, which continued in the second quarter. He said earnings showed “encouraging signs” as operating results improved and writedowns decreased.
UBS still plans to combine wealth management and Swiss banking with a securities business and asset management, Gruebel said at the time. The bank should focus on rebuilding and protecting its reputation, integrating its businesses more closely and increasing the quality and efficiency of servicing clients, he said.
Gruebel has shaken up top management since taking over from Marcel Rohner, 44, in February. UBS appointed Chi-Won Yoon, 50, as chairman and CEO for Asia-Pacific in June, replacing Rory Tapner, 49. Gruebel in April hired former Credit Suisse colleague Ulrich Koerner, 46, as chief operating officer and named Alexander Wilmot-Sitwell, 48, and Carsten Kengeter, 42, co-heads of the investment bank, replacing Jerker Johansson, 53.
Topgun1976
Guest
Aug. 4 (Bloomberg) -- Munich Re, the world’s biggest reinsurer, said second-quarter profit climbed 14 percent helped by higher investment income and the sale of a stake in a U.K. insurer.
Net income rose to 691 million euros ($994 million), or 3.54 euros a share, from 606 million euros, or 2.97 euros, a year earlier, Munich Re said in a statement today. That beat the 618 million-euro median estimate of 15 analysts surveyed by Bloomberg.
Munich Re, led by Chief Executive Officer Nikolaus von Bomhard, 53, in March scrapped a profit target of 18 euros a share by 2010 as investment returns were hit by the financial crisis. It didn’t give a target for full-year profit today. To preserve capital, the Munich-based company also suspended a program to buy back about 2 billion euros of its own stock by the 2011 annual shareholders meeting.
“If in the further course of the year the prospects in the insurance markets turn out to be not attractive enough and the economic situation stabilizes sufficiently, we will resume the share buy-back program,” von Bomhard said in the statement.
Net investment income increased 38 percent to 2.19 billion euros, beating the analysts’ median estimate of 1.69 billion euros. Net writedowns on investments were 125 million euros in the second quarter compared with 660 million euros a year earlier.
Equity Investments
While Munich Re scaled back equity investments after the global stock market slump slashed profit last year, it increased the share of equities among its investments to 2 percent, after hedging, at the end of June from 1.7 percent on Dec. 31. The figure was 10.8 percent at the end of 2007.
The company cut its stake in U.K. car insurer and broker Admiral Group Plc to 10.2 percent from 15.1 percent on April 30. That resulted in a gain of 107 million euros in the second quarter, Munich Re said.
Gross premiums written at the property and casualty reinsurance unit, Munich Re’s biggest in terms of premiums, rose 9.7 percent to 3.82 billion euros helped by the $739 million December acquisition of U.S. specialty insurer Hartford Steam Boiler.
Spending on claims and costs at the division increased to 98.1 cents for each euro of premium income, from 95.2 cents a year earlier as “there was an accumulation of major losses” in the quarter, Munich Re said.
Catastrophe Losses
Munich Re said last month that insurers’ losses from natural catastrophes amounted to $11 billion in the first half of the year. The losses compare with an average over the last decade of about $10 billion, as this year’s natural disasters occurred in regions where insurance is more prevalent, such as the U.S. and Europe.
The company reiterated a target to reduce the measure, known as the combined ratio, to about 97 percent this year. A combined ratio of less than 100 percent means underwriting is profitable.
“Recession-related losses alone are likely to make it more difficult to achieve -- let alone outperform -- the long-term combined ratio target of 97% in 2009,” the reinsurer added.
Munich Re lost 5.7 percent this year in Frankfurt trading, valuing the reinsurer at 20.7 billion euros. That compares with a 0.8 percent decline in the 30-member Bloomberg Europe 500 Insurance Index and a 14 percent drop by its largest rival, Swiss Reinsurance Co.
Reinsurers help primary insurers such as Allianz SE and Zurich Financial Services AG shoulder risks in return for a share of their premiums.
Net income rose to 691 million euros ($994 million), or 3.54 euros a share, from 606 million euros, or 2.97 euros, a year earlier, Munich Re said in a statement today. That beat the 618 million-euro median estimate of 15 analysts surveyed by Bloomberg.
Munich Re, led by Chief Executive Officer Nikolaus von Bomhard, 53, in March scrapped a profit target of 18 euros a share by 2010 as investment returns were hit by the financial crisis. It didn’t give a target for full-year profit today. To preserve capital, the Munich-based company also suspended a program to buy back about 2 billion euros of its own stock by the 2011 annual shareholders meeting.
“If in the further course of the year the prospects in the insurance markets turn out to be not attractive enough and the economic situation stabilizes sufficiently, we will resume the share buy-back program,” von Bomhard said in the statement.
Net investment income increased 38 percent to 2.19 billion euros, beating the analysts’ median estimate of 1.69 billion euros. Net writedowns on investments were 125 million euros in the second quarter compared with 660 million euros a year earlier.
Equity Investments
While Munich Re scaled back equity investments after the global stock market slump slashed profit last year, it increased the share of equities among its investments to 2 percent, after hedging, at the end of June from 1.7 percent on Dec. 31. The figure was 10.8 percent at the end of 2007.
The company cut its stake in U.K. car insurer and broker Admiral Group Plc to 10.2 percent from 15.1 percent on April 30. That resulted in a gain of 107 million euros in the second quarter, Munich Re said.
Gross premiums written at the property and casualty reinsurance unit, Munich Re’s biggest in terms of premiums, rose 9.7 percent to 3.82 billion euros helped by the $739 million December acquisition of U.S. specialty insurer Hartford Steam Boiler.
Spending on claims and costs at the division increased to 98.1 cents for each euro of premium income, from 95.2 cents a year earlier as “there was an accumulation of major losses” in the quarter, Munich Re said.
Catastrophe Losses
Munich Re said last month that insurers’ losses from natural catastrophes amounted to $11 billion in the first half of the year. The losses compare with an average over the last decade of about $10 billion, as this year’s natural disasters occurred in regions where insurance is more prevalent, such as the U.S. and Europe.
The company reiterated a target to reduce the measure, known as the combined ratio, to about 97 percent this year. A combined ratio of less than 100 percent means underwriting is profitable.
“Recession-related losses alone are likely to make it more difficult to achieve -- let alone outperform -- the long-term combined ratio target of 97% in 2009,” the reinsurer added.
Munich Re lost 5.7 percent this year in Frankfurt trading, valuing the reinsurer at 20.7 billion euros. That compares with a 0.8 percent decline in the 30-member Bloomberg Europe 500 Insurance Index and a 14 percent drop by its largest rival, Swiss Reinsurance Co.
Reinsurers help primary insurers such as Allianz SE and Zurich Financial Services AG shoulder risks in return for a share of their premiums.
- Stato