|Bid||0.9600 x 0|
|Ask||0.9670 x 0|
|Day's range||0.9576 - 0.9936|
|52-week range||0.7034 - 1.1127|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||6.56|
|Earnings date||30 Jan 2020|
|Forward dividend & yield||0.03 (3.03%)|
|Ex-dividend date||20 Dec 2019|
|1y target est||1.85|
* European shares 0.4% lower, Milan outperforms * Travel stocks top sectoral decliners * STMicro and Novozymes at multi-yr highs after estimate-beating results * ECB keeps policy unchanged, eyes on strategic review Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. "One reason might have been that she declined on a few occasions to distance herself from negative interest rates," ING Senior Rates Strategist Antoine Bouvet says. Lagarde said she was neither a policy hawk nor a dove, but rather an owl, who will use her wisdom.
* European shares 0.4% lower, Milan outperforms * Travel stocks top sectoral decliners * STMicro and Novozymes at multi-yr highs after estimate-beating results * ECB keeps policy unchanged, eyes on strategic review Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: firstname.lastname@example.org CHANGES IN ECB STATEMENT: "STRATEGIC REVIEW" THE ONLY CHANGE (1307 GMT) No major reaction in FX, bonds or stocks after the ECB kept its monetary policy unchanged. Here's the ECB statement with changes underlined: (Thyagaraju Adinarayan and Ritvik Carvalho) ***** WILL CORONAVIRUS INFECT AIRLINES?
* ECB rate decision later today Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. One way to assess possible risks of the new Coronavirus outbreak for the European airlines industry is to look at the damage from past global virus crisis (H1N1, SARS and Ebola). Credit Suisse has done so and although the severity of the latest outbreak is uncertain for now, global virus overall had "little historical impact" on the industry.
* ECB rate decision later today Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. If you take a look at the Spanish index, you might be surprised that banks are doing well today after Bankinter, Spain's fourth biggest bank by market value, said its profit went down 13% in Q4.
Britain's finance ministry has canvassed banks for ideas to boost the country's "left-behind" northern towns and cities, weeks after the governing Conservatives won an election promising to boost the regions outside London. The call comes as figures show lending by banks to small and medium sized businesses has shrunk rapidly in the north of England. Treasury officials have requested policy ideas for fuelling growth in the north of England in meetings with banks and finance industry trade bodies including since the new year, banking industry sources told Reuters.
Jaime Guardiola Romojaro has been the CEO of Banco de Sabadell, S.A. (BME:SAB) since 2007. First, this article will...
Spain's Banco Sabadell has hired IBM for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years, Miguel Montes, the bank's director of operations and people, said on Wednesday. The bank wants to makes its computer systems leaner and more efficient to handle more data and transactions from customers´ mobile phones, said Montes. The bank intends to set up new services for its customers such as account aggregation, credit risk assessment and cash pooling, he said, adding Sabadell will pay around 100 million euros a year to IBM.
The Financial Conduct Authority plans to force banks to offer one interest rate for 'easy access' savings accounts to prevent them gradually cutting rates.
Britain's mid-tier banks have asked the Bank of England to ease rules introduced after the financial crisis that they say hamper their efforts to compete with bigger rivals that have a tight grip on the market. Four banking industry sources said these so-called "challengers" have stepped up lobbying in meetings with the central bank and finance ministry officials in recent months to ease requirements for holding special debt aimed at shielding taxpayers from bailing out troubled banks. Smaller banks have long-argued that rules are stacked in favour of the "big six" lenders - RBS, Lloyds, Barclays, HSBC, Santander and Nationwide.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
LONDON/MADRID, Nov 25 (Reuters) - British bank TSB said it will shut 82 branches next year, or 15% of its network, in a turnaround plan that aims to save a total of 100 million pounds ($128 million) by 2022 and which a source said could mean the loss of up to 400 jobs. The bank, whose roots go back about 200 years, was bought by Banco Sabadell for 1.7 billion pounds in 2015 as the Spanish bank sought to expand into Britain. The move backfired when IT glitches sent TSB's costs spiralling, forcing Chief Executive Paul Pester to resign amid complaints from customers and lawmakers over the fiasco.
Britain's TSB Bank was hit by a new IT failure on Friday, after systems problems overnight meant thousands of customers woke up to find wages and vital payments had not reached their accounts. Thousands of customers took to social media to complain. "What an absolute joke @TSB is, I wake up expecting my wages to be in my bank and there's nothing there," one customer said on Twitter.
An IT crash at Britain's TSB bank that locked out nearly 2 million customers and halved parent Sabadell's profits last year was caused by moving to a new banking platform before it had been properly tested, an investigation has found. The report by law firm Slaughter & May found TSB's board failed "to fully understand the scope and complexity" of the new system prior to its failure, which forced out the then CEO Paul Pester after heavy criticism from customers and politicians. The report also found Spanish bank Sabadell's IT arm Sabis had not been ready to operate the new platform and had failed to test one of two data centres it relied on prior to the launch.
British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. The review was launched after a major IT meltdown last year at TSB, part of Spain's Sabadell, which left thousands of customers locked out of their online accounts. The issue led to the resignation of TSB's CEO Paul Pester.
Spain's Banco Sabadell plans to close around 200 branches in Spain in 2020, its chief executive officer Jaime Guardiola said on Friday. As of end-September, Sabadell had 1,893 branches mostly in Spain, meaning the upcoming closures would imply a 10% reduction in offices. "Our plan is to close around 200 branches in Spain next year, which also foresees investments in ATMs and bigger branches," Guardiola said.
Spain's Banco Sabadell almost doubled its third-quarter net profit as provisions related to IT failings at its British bank TSB fell, lifting its shares close to 1% on Friday. Spanish banks have gone abroad in search of higher revenues, but Sabadell's 2015 purchase of TSB has been marred by major technology glitches, which last year led to losses of 240 million euros at the British bank. For the first nine months of 2019 TSB lost 5 million euros, after booking a restructuring charge of 15 million euros in the third quarter.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...