Scotiabank - Global Banking and Markets’ Post

It’s a pleasure to be presenting and discussing our results with our stakeholders today. These results send a clear message: Deutsche Bank is delivering. On all dimensions, we’re making progress on our pathway towards our 2025 goals. Our revenues are proving resilient though the interest rate cycle, thanks to a well-balanced business mix and a strong client franchise. Costs are in line with our commitment for 2024. Strong organic capital generation through growing profitability is enabling us to maintain our capital strength, increase our capital distributions to shareholders, and grow our business by putting capital to work to serve our clients. Our first-quarter results are also testimony to the hard work of our people. Thanks to our global team’s professionalism, dedication and sheer hard work, we have set Deutsche Bank on a clear pathway to sustainable growth. Today, I also want to say a massive thank you to all my colleagues in the Finance team, for the outstanding contribution you’re making as we progress along that pathway. #FinancialResults #DeutscheBank #DBResults

Last week, it was great to participate in the 22nd annual Global Financial Services Conference organised by Barclays in New York. I had the opportunity to discuss with American investors and to be interviewed by Flora Bocahut on the evolution of the macroeconomic and political context in France, as well as the outlook for the European banking sector (interest rate environment, NII and fees, M&A,…). The progressive interest rates cut was one of the main topics of discussions and it was an opportunity to remind the benefits of Crédit Agricole S.A.'s diversified business mix and its ability to cope with economical and financial challenges, demonstrated for several years by the regular performance of its business model, in particular: 1. Steady revenue growth over the past seven years, fueled by organic growth of businesses leader in their respective markets and regularly complemented by acquisitions and partnerships. 2. A high level of profitability, with a ROTE of 12% on average over the last 7 years, and very good operational efficiency with a cost/income ratio that is constantly improving and below 54% in the first half of 2024. 3. A solid level of capital within the Crédit Agricole Group with a CET 1 of 17.3% at the end of June 2024. Thanks again to Flora and all the participants for the quality of these discussions. #Bank #Finance #Economics

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/eWkcAUbM #AOShearman #CapitalMarkets

Who owns Bank of America? 📊 Bank of America's ownership structure is a fascinating mix of major institutional investors, insiders, and retail investors.  Institutional investors dominate, holding a significant 59% of the shares. This includes: Berkshire Hathaway: 13% Vanguard Group: 7.7% BlackRock: 6.2% State Street: 3.7% Fidelity Management & Research: 2.8% Other Institutional Investors: 26% Key Insights: The substantial share held by Berkshire Hathaway underscores Warren Buffett's long-term confidence in Bank of America's performance. Institutional investors like Vanguard and BlackRock play a crucial role in influencing corporate governance and strategic decisions. The presence of a significant retail investor base indicates strong public trust and engagement with Bank of America. Understanding these ownership dynamics provides a clearer picture of the bank's strategic landscape and the diverse interests shaping its future. #BankOfAmerica #CorporateOwnership #Investment #InstitutionalInvestors #RetailInvestors #StockMarket #Finance #InvestmentStrategy #CorporateGovernance

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/eqe_ghqS #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/dVGdqhVn #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/eTv9BQ-9 #AOShearman #CapitalMarkets

Our capital markets team, led by partners Ryan Robski and Jason Lehner and associates Tianwei Liu and Hunter Steitle, represented the underwriters, led by BMO Capital Markets, BofA Securities, Citigroup, Goldman Sachs & Co. LLC, Truist Securities, and UBS Investment Bank, in connection with Bank of Montreal’s recent USD750 million Limited Recourse Capital Notes offering. This transaction marked Bank of Montreal’s second U.S. registered offering of Limited Recourse Capital Notes. As the eighth largest bank in North America, with CAD1.4 trillion in assets as of April 30, 2024, the Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States and select markets globally. Partner Larry Crouch and associates Daniel Kachmar and Taylor Pugliese provided tax and financial institution regulatory support for the deal. Read more about the deal here: https://lnkd.in/ddB7Kqt2 #AOShearman #CapitalMarkets

Our capital markets team represented the underwriters, led by CIBC World Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC, on Canadian Imperial Bank of Commerce's SEC-registered USD2.25 billion notes offering, comprising three series of floating and fixed-to-floating rate senior notes. This marks another significant senior debt financing transaction for CIBC, a leading and well-diversified North American financial institution providing services to 14 million personal banking, business, public sector, and institutional clients across North America and around the world. The net proceeds from the offering will be used for general corporate purposes. Partner Justin Cooke led the transaction alongside associates Cristina Palma, David Birch, and Nikolaos Chagias, with additional support provided by partner Jennifer Morton and associate Taylor Pugliese. Read more about the deal here: https://lnkd.in/g2s2CdRj #AOShearman #CapitalMarkets

-Gunjan Kedia, Vice Chair, and John Stern, CFO of U.S. Bancorp, to present at the RBC Capital Markets Global Financial Institutions Conference, offering insights into the company's vision and performance. -The live audio webcast of the presentation will be accessible on the U.S. Bank Investor Relations website, with a replay available post-event, providing stakeholders with valuable information about U.S. Bancorp's strategies and financial standing. -U.S. Bancorp, with over 70,000 employees and $663 billion in assets, is recognized for digital innovation, community engagement, and customer service, earning accolades like Fortune's most admired superregional bank and a spot among the 2023 World’s Most Ethical Companies. To know more, read the full article on #theenterprise #USBankLeadership #FinancialInsights #RBCConference #BankingSector #InvestorRelations #globalbusiness #theenterprisenews #followformore #global #finance