By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
Societe Generale posts record profit, lifts 2026 target as turnaround gains steam
Societe Generale posted record quarterly net income of €1.79 billion, beating analyst estimates. The bank raised its 2026 profitability targ
Santander Brasil profit miss signals tough quarter for Brazilian banks
Santander Brasil missed profit expectations for the second quarter, sending shares down as much as 7%. Tighter lending spreads and higher pr
Banca Generali raises 2026 inflow target after record first half
Banca Generali raised its 2026 net inflow target to about €7.5 billion after a record first half. The Italian private bank saw €4.4 billion
Piraeus Bank profit rises 10% as fee income surges 42%, loan book expands
Piraeus Bank's first-half net profit rose to €617 million, fueled by a 42% surge in fee income and loan book growth to €39 billion. The resu
Barclays Expands Asia-Pacific Banking Teams to Capitalize on AI-Linked M&A Boom
Barclays is expanding its advisory and financing teams across Asia-Pacific, targeting M&A fees fueled by AI-linked digital infrastructure sp
US Banks Beat Earnings Estimates Again as Revenue Growth Picks Up
US banks continue to outperform earnings expectations, with 66% of 430 publicly traded lenders beating EPS estimates this quarter. Revenue g
HDFC Bank Fines Top Executives Over Deposit Rate Violation
HDFC Bank is fining its CEO, CFO, and retail assets head 100,000 rupees each after an internal review found 'business overreach' in setting
SBI Card Profit Jumps 19.5% as Credit Losses Ease and Spending Surges
SBI Cards and Payment Services posted a 19.5% increase in quarterly profit as provisions for bad loans fell and card spending surged 27% yea
Commercial Bank of Dubai Gets Rating Trim Despite Profit Rise
FAB Securities trimmed its rating on Commercial Bank of Dubai from Buy to Accumulate after Q2 2026 results. Net profit rose 2.1% year over y
Macquarie's Strong Finish Impresses Jarden; CEO Departure Looms Over Leadership
Macquarie Group's strong second-half finish has impressed Jarden, with all four divisions benefiting from investment gains and tight risk ma
HSBC Sells Singapore Insurance Unit to Allianz for S$2.7 Billion in Capital Boost
HSBC is selling its Singapore insurance arm to Allianz for S$2.7 billion. The deal will generate a $1.8 billion pre-tax gain and strengthen
Saudi National Bank's Margin Gains Keep Riyad Capital Bullish on Stock
Riyad Capital reaffirmed its positive view on Saudi National Bank after the lender reported second-quarter results with operating income up