12 Sep 2019|Moody's Investors Service
Global Investment Banks have significant capital markets activities and business-model characteristics that can pose unique or pronounced risks to their creditors. View how their revenues and share of capital markets compare.
Video: Global Investment Banks – Sector stratification will relegate some from top flight of capital markets competition
10 Sep 2019|Moody's Investors Service
Ana Arsov and Peter Nerby discuss the stratification of firms within the global capital markets industry, the diverse competitive forces driving it, and the implications for global investment banks’ strategy and creditworthiness. Read the report.
09 Sep 2019|Moody's Investors Service
The gaps between capital markets firms are widening as the bargaining power of employees and customers, as well as the threat of substitutes, intensify the competition for mandates and flows. Clear strategy and consistent execution are essential to contend with these competitive forces, and a strategic retreat for some firms may actually be credit positive if they establish defensible niche positions and disengage from activities with high tail risks.
Global Investment Banks - 2019 Outlook Update: Outlook changed to stable from positive as slower economic growth and lower interest rates limit upside
27 Aug 2019|Moody's Investors Service
Slower global economic growth over the next 12-18 months will lead to lower client activity for global investment banks. Lower interest rates and a flatter or inverted yield curve will also constrain the banks’ revenue, making it harder for them to achieve positive operating leverage and sustain their profitability.
Financial Institutions – Global: JPMorgan continues China expansion plans despite US-China trade tensions, a credit positive
09 Aug 2019|Moody's Investors Service
If approved by regulators, the deal clears the path for other global asset managers to enter China, although for JPMorgan the credit effects will not be immediately material given its size.
Global Investment Banks - Europe: Q2 2019 Update - Flat revenue and higher costs reduced profitability and efficiency
08 Aug 2019|Moody's Investors Service
In this report we provide key take-aways from the quarterly financial results of the seven European Global Investment Banks: Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, HSBC, Société Générale and UBS. Revenue weakness and higher costs resulted in reduced second quarter profitability for the European global investment banks compared with the same period last year.