By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
PNB Housing Finance Q1 profit rises 4.5% as loan growth offsets margin squeeze
PNB Housing Finance grew first-quarter profit 4.5% as loan demand stayed strong, but its net interest margin narrowed to 3.50% and leverage
Nedbank's NCBA deal nears final approval, expanding East Africa reach
Nedbank is close to final regulatory sign-off for its 13.9 billion rand ($842 million) purchase of a 66% stake in Kenya's NCBA. The deal aim
Metro Bank's turnaround gains traction as profit climbs 34%
Metro Bank's turnaround is showing results: first-half underlying pre-tax profit jumped 34% to £60.6m. The lender is leaning into higher-mar
NatWest's strong Q2 prompts Berenberg to lift target, pull buybacks forward
Berenberg lifted its NatWest price target to £8.80 after a strong second quarter, and now expects share buybacks to begin in fiscal 2026—six
Maybank to Buy Out Ageas, Take Full Control of Etiqa Insurance
Malaysia's largest bank, Maybank, is buying out Belgian insurer Ageas to take full control of its Etiqa insurance and takaful arm. The 4.8 b
Lloyds' new strategy lifts Berenberg's profit forecasts
Berenberg lifted its 2026-28 earnings forecasts for Lloyds after the bank's new strategy and strong second quarter. The broker also points t
Banco BPM walks away from Monte dei Paschi merger as Italy tightens border checks
Banco BPM has dropped its pursuit of a merger with Banca Monte dei Paschi di Siena, ending months of speculation. Meanwhile, Italy has tempo
Emirates NBD to buy HSBC Egypt's retail arm in $300M gain deal
Emirates NBD is acquiring HSBC Egypt's retail banking portfolio, including branches and customers. HSBC expects a $300 million pre-tax gain,
SBI's AT-1 bond sale draws strong demand, may spur other banks
State Bank of India's AT-1 bond sale drew bids exceeding 60 billion rupees, signaling robust investor appetite. The success may prompt other
Kyoto Financial Group's Q1 Profit Jumps 56% on Strong Lending
Kyoto Financial Group posted a 55.8% surge in first-quarter profit to ¥20.3 billion, with earnings per share climbing to ¥71.49. The regiona
Unicaja beats Q2 forecasts with €201M profit on fees and dividends
Unicaja's second-quarter profit rose 12.2% year over year to €201 million, beating analyst forecasts. The Spanish lender benefited from stro
UBS CEO Defends $3 Billion Buyback, Calls Swiss Capital Plan 'Extreme'
UBS CEO Sergio Ermotti is defending the bank's new $3 billion share buyback while criticizing Switzerland's plan to require an extra $20-22