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by Tyler Durden Monday, May 03, 2021 - 04:15 AM In the aftermath of Covid-19, business travel for bankers is still expected to plunge. It s great news for banks, who will save money on travel costs, and less than stellar news for airlines, who rely on business travel for day-to-day operations. Nordea Bank Chief Executive Officer Frank Vang-Jensen said to Bloomberg on Thursday that there will definitely be much less traveling, according to Gulf News. His sentiments were echoed by the likes of other major investment banks HSBC and Standard Chartered. Andy Halford of Standard Chartered said: We see a step change down in the level of travel once we normalize out of this. ....
HSBC to StanChart predict demise of business travel for bankers × Travel costs were down $300 million in 2020, suggesting an annual saving of $150 million going forward: HSBC Jetting off at a moment’s notice to visit clients was second nature for many investment bankers before the pandemic struck. After more than a year of lockdowns and remote working, plenty of executives are now saying the days of regular globe trotting are gone for good. There “will definitely be much less travelling,” Nordea Bank Apb Chief Executive Officer Frank Vang-Jensen said Thursday, while Standard Chartered Plc’s finance boss Andy Halford told Bloomberg Television he expects travel costs to reduce sharply: “We see a step change down in the level of travel once we normalise out of this.” ....
EQS-News: Nordea Bank Abp: First quarter results 2021 Nordea Bank Abp: First quarter results 2021 29.04.2021 / 08:50 29 April 2021 at 7:30 EET Summary of the quarter: Continued growth in business volumes and customer satisfaction across Nordics. Mortgage volumes grew by 6% in local currencies, year on year, and lending to small and medium-sized enterprises increased by 7%. Assets under management increased by 33% to EUR 372bn, driven by market recovery and continued net inflows, especially into retail funds. Customer satisfaction scores continue to increase. Strong result, driven by high income growth. Operating profit increased by 75%, year on year, mainly driven by significantly higher total operating income, which increased by 21%. Net interest income increased by 9%, net fee and commission income increased by 8% and net fair value result was exceptionally high due to strong financial market activity. ....
EQS-News: Nordea Bank Abp: Nordea's Annual General Meeting 2021 finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Click HERE to find out ⭐ Nordea Plans: Aiming to Become a Net-Zero Emissions Bank By 2050. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. ....