Jump that that 49 increase is the biggest jump. On top of that, one point 4 billion worth of gains. That is more than double what you saw one year ago. On top of that, equity underwritings, huge gains. We will see how this keeps going on. They are seeing saying there priceline is strong. A different story than what we are seeing at the Consumer Banks that have seen many declines. Big in terms of ipo trading at goldman. How sustainable is that . Sonali as long as the markets are healthy, this can keep going on. Our sources are telling us the election can create a bit of a pause. The pipeline is huge for next year as well. You dont know when airbnb is going to go and there are a lot of unicorns looking to break into the public markets. When the ipos fail, you know that there is sachs waiting on the sidelines. Guy we are going to leave it there but we will continue the conversation. She will continue to brief us. Thank you very much indeed. Joining us now for more on those , baird is davi
Shares in Royal Dutch Shell drop as weaker prices hit the Second Quarter and profits fall to the lowest level in two years. And best in a decade barclays profits soar 80 in the first half as they hike its dividend our return on equity was 9. 3 so for the first half of the year it was over 9 , 9. 4 its probably the best statutory first half performance that barclays has had in nearly a decade and rio tinto shares come under pressure after the miners first half profits miss expectations despite a bumper special dividend we have a very decent Capital Allocation weve been implementing this for the last few years in terms of strength of balance sheet, in terms of investment in either growth project and returning cash to shareholders weve been doing that. Welcome to the Program European earnings season in full swing with key reports in the oil, mining, financial and industrial sectors shell its missed expectations reporting Second Quarter profit that fell 25 to a 30month low thanks in part t
It is a record fine for bnp paribas, frances the guest biggest bank has settled the probe into sanctions violations. How does this stack up against prior fines . It dwarfs everything we have seen before. Presumed they would have to cough up and provided 1. 1 billion. We watched it as the estimates rose and rose. It is an historic moment in terms of what is happening in the United States, in terms of their approach to banking and if you break the rules. It is the first guilty plea on sanctions. Socgen socgen, still under investigation. This bank went to elaborate lengths to per heal conceal prohibitive transactions. Think of sudan. Issue is thisthe crux of these uses this. Thepliance Department Compliance department acknowledges the commercial and historical relationships. They do not stand in the way of business. They did this despite knowing the Sudanese Government supported terrorism, engaged in and hasghts abuses, hosted Osama Bin Laden and refuses the United Nations intervention an
Paul-Antoine Thiebot was previously director, energy transition and sustainable finance, overseeing the banks's regional mandate of the sustainable and positive impact finance group.
French bank Societe Generale reported a sharp drop in fourth-quarter net income on Thursday, although the lender beat analyst expectations thanks to signs of recovery in its domestic retail business and stable investment bank trading revenue. Sales from trading in SocGen's investment bank slipped by 0.8%, the bank said, as a strong showing for equities offset a 22% decline in fixed income and currencies. SocGen has struggled recently, with its shares lagging rivals and analysts questioning its low profitability and reliance on volatile investment bank earnings.