Europe’s biggest bank recorded a whopping $12.9 billion in pre-tax profit for the quarter ended March. That was up 207% from a year earlier, and significantly higher than the $8.6 billion average predicted by a poll of 17 analysts compiled by
said Tuesday it would buy back up to $2 billion in shares, and roll out a quarterly dividend of 10 cents per share. paid just £1 for the acquisition, which effectively rescued the smaller bank. disclosed last month that its buyer, a member of a French banking group, had asked to change the terms of the deal due to the costs of rising interest rates. As of last month, the parties were still in talks.
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