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5th Annual Bancassurance Forum 2012


Briefly

January 19, 2012 Bank of America reports fourth quarter 2011 net income of $2 billion, compared with net loss of $1.2 billion in fourth quarter 2010.

January 18, 2012 Goldman Sachs reports net revenues of $28.81 billion and net earnings of $4.44 billion for the year ended December 31, 2011.

January 5, 2012 ZKB, the largest cantonal bank in Switzerland, told US customers it was closing their accounts.

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Banking headlines

December 15, 2011 Morgan Stanley to cut 1,600 jobs in first quarter 2012.

December 13, 2011 BNP Paribas and SG are cutting jobs along with many other banks in Europe that have to cut costs as a result of the euro zone debt crisis.

December 8, 2011 The European Central Bank (ECB) has cut interest rates by 25 basis points to 1.00 percent.

November 30, 2011 Russian Sberbank registered net profit of RUB 255.8 billion (approx. US$ 8.5 billion) in the first nine months of 2011, an increase of 133% from a year earlier.

November 4, 2011 Royal Bank of Scotland made pre-tax profits of £2 billion in 3Q-2011, against a £1.56 billion loss in 3Q-2010.

November 4, 2011 Commerzbank reports third quarter 2011 net loss of €687 million, compared with net profit of €113 million in third quarter 2010.

November 3, 2011 The European Central Bank (ECB) has cut interest rates by 25 basis points to 1.25 percent.

October 18, 2011 Goldman Sachs Group Inc. reports third quarter 2011 net loss of $428 million.

October 18, 2011 Bank of America reports third quarter 2011 net income of $6.2 billion, compared with a net loss of $7.3 billion in third quarter 2010.

October 17, 2011 Citigroup reports third quarter 2011 net income of $3.8 billion, compared to $2.2 billion in third quarter 2010.

August 9, 2011 KBC Group has generated a net profit of 1.154 billion euro in the first half of 2011, almost double the corresponding figure for 1H2010.

July 7, 2011 ECB increases eurozone interest rates by 25 basis points to 1.50%, the second rate rise since January 2011.

June 17, 2011 The Central Bank of Russia will fund a 10-year loan of US$ 10.6 billion to Bank of Moscow at a rate of 0.51%.

June 17, 2011 Dutch banking group ING selling US online bank (ING Direct USA) to Capital One, a leading US-based financial holding company.

April 27, 2011 British Barclays reports 1Q-2011 net profit of £1.01 billion (approx. US$ 1.67 billion), compared to £1.07 billion in 1Q-2010.

April 27, 2011 Russian VTB reports full-year 2010 net profit of RUB 54.8 billion (approx. US$ 1.8 billion) compared with net loss of RUB 59.6 billion (approx. US$ 1.97 billion) in 2009.

April 7, 2011 European Central Bank (ECB) increases eurozone interest rates to 1.25% from the record low of 1%, the first rate rise since July 2008.

April 4, 2011 Capital One Financial interested in buying ING Direct USA, the online banking arm of Dutch financial services firm ING Groep NV.

March 29, 2011 Chinese AgBank, the country's No. 3 lender by assets, reports full-year 2010 net profit of RMB 94.87 billion (US$ 14.5 bln) compared with net profit of RMB 64.9 billion (US$ 9.9 bln) in 2009.

March 21, 2011 Russian Sberbank reports full-year 2010 net income of RUB 181.6 billion (US$ 5.97 billion) compared with net income of RUB 24.4 billion (US$ 808 million) in 2009.

February 23, 2011 Commerzbank reports full-year 2010 net profit of €1.4 billion compared with net loss of €4.5 billion in 2009.

Feb 03, 2011 Deutsche Bank reports full-year 2010 net income of €2.3 billion compared with net income of €5.0 billion in 2009.

Jan 31, 2011 Mizuho Financial Group: net profit for the 9 months ended December 31, 2010 increased by JPY 296 billion (US$ 3.6 billion) on a year-on-year basis to JPY 422.1 billion ($5.1 billion).

Jan 19, 2011 Goldman Sachs reports full-year 2010 net income of $8.35 billion compared with net income of US$ 13.39 billion in 2009.

Jany 18, 2011 Citigroup Inc. reports full year 2010 net income of US$ 10.6 Billion compared to a net loss of US$ 1.6 billion in 2009.

Jan 14, 2011 JPMorgan Chase & Co. reports full-year 2010 net income of $17.4 billion compared with net income of US$ 11.7 billion in 2009.

Nov 10, 2010 UniCredit Group ended the first 9 months of 2010 with net profit of €1 billion.

Nov 10, 2010 KBC Group ended the first 9 months of 2010 with net profit of €1.1 billion.

Oct 19, 2010 Citigroup reports third quarter 2010 net profit of US$ 2.17 billion.

Oct 19, 2010 Bank of America reports third quarter 2010 net profit of US$ 3.1 billion.

Oct 19, 2010 JPMorgan reports third quarter 2010 net profit of US$ 4.42 billion.

Sep 2, 2010 Russian VTB Group reports H1 2010 net profit of RUB 25.1 billion (approx. US$ 837 million).

Sep 2, 2010 Russian energy holding Gazprom reports H1 2010 net profit of $10.94 billion (approx).

Aug 6, 2010 Royal Bank of Scotland reports second quarter 2010 net profit of GBP 257 million (approx. €310 million).

Aug 5, 2010 Commerzbank AG reports second quarter 2010 net profit of €352 million.

Aug 3, 2010 Societe Generale reports second quarter 2010 net income of €1.08 billion.

July 26, 2010 UBS reports second quarter 2010 net profit of CHF 2.005 billion.

July 16, 2010 Citigroup Inc. reports second quarter 2010 net income of US$ 2.7 billion.

June 7, 2010 Russian Sberbank reports first quarter 2010 net income of RUB 43.5 billion (approx. US$ 1.45 billion).

May 12, 2010 KBC Group reports first quarter 2010 net income of €442 million.

May 12, 2010 UniCredit Group reports first quarter 2010 net income of €520 million.

May 5, 2010 Societe Generale reports first quarter 2010 net income of €1.06 billion.

Apr 27, 2010 Deutsche Bank reports first quarter 2010 net income of €1.8 billion.

Apr 20, 2010 Earnings Bank of New York Mellon has grown in I quarter by nearly 75%.

Apr 20, 2010 Goldman Sachs reports first quarter 2010 net income of US$ 3.3 billion.

Feb 10, 2010 140 US banks were closed in 2009, 26 - in 2008, and only 3 - in 2007.

Sep 24, 2009 One of the largest Japanese banks Aiful Corp. to axe almost 2000 jobs (44%).

Aug 29, 2009 84 banks were already ruined in the USA from the beginning of 2009, in 2008 - 25.

June 23, 2009 Total assets in CEE Banking sector amounted to €1,772 billion (up 25%).

May 13, 2009 Citigroup uses almost $45 billion TARP Funds for Loans.

May 11, 2009 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about US$ 7.3 billion.

May 10, 2009 Berkshire Hathaway - Net loss in 1Q 2009 amounted to US$ 1.53 billion.

Apr 28, 2009 Lloyds Banking Group to axe almost 1000 jobs.

Apr 7, 2009 Royal Bank of Scotland plans to cut 9000 jobs.



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