Germany’s Deutsche Bank posted strong income and profit figures for 2014 with income before income taxes (IBIT) more than doubling to €3.1 billion for the year ended December 31, 2014. Core bank IBIT was €6 billion, up €1.1 billion from FY2013, while net revenues remained stable at €32 billion. Jürgen Fitschen and Anshu Jain, Co-Chief […]
The alternative lending markets in Europe reported strong growth in 2014, according to Standard & Poor's ‘Alternative Lending Markets In Europe Are Increasingly Open To Mid-Market Companies’ report, published in January 2015. "Given these positive market developments, expectations among regulators and politicians are high that alternative lending markets will support additional growth in Europe," said […]
2015 got off to a busy start, as more than 2,500 representatives of business, government, academia and civil society participated in the World Economic Forum Annual Meeting 2015 in Davos, Switzerland. Finance Monthly kept the world informed via its dedicated WEF 2015 website. In this month’s issue, we present a review of the event, highlighting […]
BT has agreed definitive terms to acquire EE for £12.5 billion (€16.7 billion). The transaction will be paid as a combination of cash and new BT ordinary shares issued to both Deutsche Telekom and Orange. EE is the leading mobile network operator in the UK with 31 million customers of which 24.5 million are direct […]
The Bank of England’s Monetary Policy Committee (MPC) voted to keep the base interest rate and the stock of assets purchased under the quantitative easing programme unchanged in February at 0.5% and £375 billion respectively. The headline rate of inflation, as measured by the Consumer Price Index (CPI), fell to just 0.5% in December and, […]
US technology giant Apple has broken records once again, this time posting the biggest every quarterly profit of any public company worldwide. The company posted quarterly revenue of $74.6 billion (€65.8 billion) and record quarterly net profit of $18 billion (€15.8 billion) for its fiscal 2015 first quarter ended December 27, 2014. The results present […]
Investors can expect “Greek-led volatility” for six months according global independent financial advisory organisations. Greece elected anti-austerity party Syriza in its general election at the weekend. Syriza has formed a coalition government with the rightwing anti-bailout Independent Greeks. “Investors can expect Greek-led market volatility for at least six months until a Syriza-led government is better […]
Further change is on the cards for Europe, following the win by the Syriza party in the Greek national elections. The left-wing party has always pledged to end the country’s austerity programme, yet has announced its desire to remain in the Euro. Syriza may have emerged as the largest party in Greek elections yesterday, but […]
The erosion of public trust in big business has changed the landscape for finance leaders, according to Gregor Alexander, Finance Director for British energy company SSE. “Once there used to be a trade-off between making money in the short term or being a long-term force for good,” he said. “But now public expectations have rightly […]
Germany’s Chancellor, Angela Merkel, called for urgent fiscal reform in Europe at a special session at yesterday’s World Economic Forum Annual Meeting. Whatever the decision of the European Central Bank (ECB) on quantitative easing, she said that European leaders must not be diverted from continuing with meaningful structural reforms. “Time is of the essence,” she […]
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