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European banks are poised to reward shareholders with record dividends and accelerated share buybacks, marking a potential turning point after years of underperformance since the 2008 financial crisis. While bank valuations have rebounded, they remain mixed compared to US counterparts, with European profitability improving but still lagging behind. UBS forecasts a return of €123 billion to shareholders in fiscal 2024, led by HSBC, BNP Paribas, and Unicredit, while Crédit Agricole and Deutsche Bank are expected to contribute less than Spain's BBVA.
Goldman Sachs has restructured its investment banking and trading leadership, promoting several executives to key positions as part of a strategy to retain talent amid recent departures. Meanwhile, Santander's Ana Botín reaffirmed the UK as a core market, dismissing speculation of an exit despite ongoing reviews of operations due to high costs and regulations. Additionally, Banco Sabadell is considering relocating its headquarters back to Catalonia, while TD Bank plans to sell $9bn in US residential mortgage loans to comply with regulatory requirements.
BBVAMRF A
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
european banks poised for record shareholder returns amid uncertain recovery prospects
British Pound Sterling
Euro
United States Dollar
Japanese Yen
Chinese Yuan
ING Groep N.V.
BNP Paribas SA
BBVAMRF A
Intesa Sanpaolo
Credit Agricole
UniCredit S.p.A.
Deutsche Bank RV Global PP
Brendan Fraser
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17:41 23.01.2025
goldman sachs reshuffles leadership as santander reaffirms commitment to uk market
United States Dollar
TD BANK PREF SERIES 1
The Goldman Sachs Group, Inc.
Banco Santander, S.A.
BBVAMRF A
USA
Richard Gnodde
Salvador Illa
Ana Patricia Botin
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12:12 22.01.2025
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