UOB – Adjusted Profit Down 40%?
We have to adjust profit figures to better understand Singapore banks’ growth. This is due to their move to add to loan loss reserves from the...
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Standard Chartered – Going Backward Again
* Solid 1Q20 Result: Standard Chartered plc (2888.HK/STAN.LN) [STAN] reported a fairly robust set of 1Q20 results – coming in at USD 517 mn,...
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Bank Credit Weekly: HY Recovery Following Oil Price Crater; Policy Moves in Turkey Get Rewarded
The crowding-in rally stalled in bank credit as policy makers grabbled with when or how to turn the lights back on. We expect a dimly lit future...
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Smartkarma Originals
Bank Contingent Capital & Coronavirus Contagion
When you purchase bank contingent capital, you may marry it for the foreseeable future. Coronavirus contagion is challenging this contractual...
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Oil – Trying To Get Dislocation Under Control
* Oil Price Dislocation Continues: Last week, US West Texas Intermediate (WTI) crude futures closed at a negative USD 37.63 per barrel (bbl) [yes,...
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