SNS Bank NV

Type: Company
Name: SNS Bank NV
Nationality: Netherlands
Web Address: http://www.snsbank.nl/
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

SNS changes focus to become a 'no-nonsense' bank

SNS Bank, nationalised by the Dutch government in February 2013 after almost going bust, is to transform itself into a ‘normal retail bank’ with simple services for payments, savings and borrowing. The new look SNS will be about 'no-nonsense' banking, ... [Published Expatica Netherlands - Sep 29 2014]
First reported Sep 10 2014 - Updated Sep 11 2014 - 2 reports

New standard for CDS: the 2014 ISDA Credit Derivatives Definitions

As the credit default swap (“CDS”) market continues to adapt to a changing regulatory landscape and the evolving role of government intervention in capital markets, CDS market participants will soon experience the most significant ISDA-led product shift ... [Published Lexology - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

SNS Bank reports net income for H1

SNS Bank NV has reported that net income attributable to shareholders for the first six months ended June 30, 2014 was E111 million, compared to a net loss attributable to shareholders of E1.57 billion for the same period ended June 30, 2013. Net interest ... [Published Individual.com - Sep 11 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 4 reports

SNS Reaal suffers loss in first half of 2014

Contributed by NAMPA / Xinhua.THE HAGUE, Aug. 28 (Xinhua) -- SNS Reaal suffered a net loss of 125 million euros (164 million U.S. dollars) in the first six months of 2014, but that was much smaller than the 1.585 billion euros loss in the first half of ... [Published Namibia Press Agency - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 2 reports

UPDATE 1-Dutch SNS Reaal says wide interest in insurance division

(Releads on interest in insurance business, adds comments from chief financial and risk officer)AMSTERDAM, Aug 28 (Reuters) - SNS Reaal, the Dutch financial services group nationalized last year, said international and domestic parties had expressed interest ... [Published CNBC - Aug 28 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Clients accuse All Invest director of divesting wealth using bankruptcy

The couple bought the investments “on insistent advice from its representatives” whose “only objective was to sell and gather their commission, regardless of the damage to the complainants and with absolute disregard to their client’s interests”.Matthew ... [Published MaltaToday - Aug 26 2014]
First reported Aug 22 2014 - Updated Aug 22 2014 - 1 reports

ISDA publishes Credit Derivatives Definitions Protocol

Earlier today ISDA published the 2014 ISDA Credit Derivatives Definitions Protocol, which will enable market participants to have their existing portfolio of credit derivatives transactions governed by the new 2014 ISDA Credit Derivatives Definitions ... [Published Lexology - Aug 22 2014]
First reported Apr 29 2014 - Updated Apr 29 2014 - 1 reports

Grand Central: In Japan: Dueling Forecasts, Dueling Visions

The Wall Street Journal’s Daily Report on Global Central Banks for Tuesday, April 29, 2014 Sign up for the newsletter:  http://on.wsj.com/grandcentralsignup . What will the Fed do Wednesday? Ask the WSJ’s Jon Hilsenrath and Sudeep Reddy during a live ... [Published WSJ.com: Real Time Economics - Apr 29 2014]

Quotes

Dick Okhuijsen, Chairman of the Board SNS Bank said: "In the first half of 2014, SNS Retail Bank posted solid results, both financially and commercially. Solvency in terms of both the common equity Tier 1 and the leverage ratio remained strong. Market shares in mortgages and savings are gradually improving. At the same time, we worked hard to prepare for the positioning of our bank as an independent entity. The first phases of the transfer of holding staff to the bank have been completed. Furthermore, a new statutory board was appointed and installed."
"That combination means the result in the second half of the year will remain under pressure" Oostendorp said
"In the first half of 2014, we worked hard to further prepare for the separate future of the Banking and Insurance activities of SNS REAAL. To this effect, the first phases of the transfer of holding company staff were completed on schedule and new statutory boards were appointed and installed. The Bank and Insurer increasingly operate as independent companies, although still under the umbrella of SNS REAAL, which is being transformed from an operational to a financial holding company. We expect to take the final steps in this process in the course of 2015. Furthermore, we have taken important steps in preparing for the sale of the Insurance activities."
"In the first half of 2014, SNS Retail Bank posted solid first half results, both financially and commercially"

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All (13) | News (12) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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SNS changes focus to become a 'no-nonsense' bank [Published Expatica Netherlands - Sep 29 2014]
New standard for CDS: the 2014 ISDA Credit Deri... [Published Lexology - Sep 11 2014]
SNS Bank reports net income for H1 [Published Individual.com - Sep 11 2014]
New 2014 ISDA credit derivatives definitions to... [Published Lexology - Sep 10 2014]
SNS Reaal suffers loss in first half of 2014 [Published Namibia Press Agency - Aug 28 2014]
SNS Reaal suffers loss in first half of 2014 [Published PredictWallStreet - Aug 28 2014]
UPDATE 1-Dutch SNS Reaal says wide interest in ... [Published CNBC - Aug 28 2014]
Dutch SNS Reaal narrows losses as it seeks to s... [Published 4 Traders - Aug 28 2014]
SNS REAAL Interim Financial Report 2014 [Published Noodls - Aug 28 2014]
SNS Bank Interim Financial Report 2014 [Published Noodls - Aug 28 2014]
Clients accuse All Invest director of divesting... [Published MaltaToday - Aug 26 2014]
ISDA publishes Credit Derivatives Definitions P... [Published Lexology - Aug 22 2014]
Grand Central: In Japan: Dueling Forecasts, Due... [Published WSJ.com: Real Time Economics - Apr 29 2014]
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Grand Central: In Japan: Dueling Forecasts, Due... [Published WSJ.com: Real Time Economics - Apr 29 2014]
The Wall Street Journal’s Daily Report on Global Central Banks for Tuesday, April 29, 2014 Sign up for the newsletter:  http://on.wsj.com/grandcentralsignup . What will the Fed do Wednesday? Ask the WSJ’s Jon Hilsenrath and Sudeep Reddy during a live ...
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