The Trader 

Market Outlook: Banks making headlines - again

The Trader

Barclays’ third-quarter profit was lower than last year’s and below expectations at £1.1bn, with trading at the investment banking arm dragging down group results. German banking giant Deutsche Bank today also saw trading revenues decline (by 30 per cent) in the third quarter, worse than analysts’ expectations. Determined that his cost-cutting plans will eventually bear fruit chief executive John Cryan insisted he will carry on until his contract ends in 2020. In Sweden Nordea, which will be moving its headquarters to Helsinki soon, announced that 6,000 jobs are to be axed to stay competitive.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now