By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
Enova shares slide after abandoning Grasshopper Bank acquisition
Enova International shares fell after the lender pulled its applications to acquire Grasshopper Bancorp. The move signals the deal is off, l
KKR quietly doubles private credit deal volume to $80B in first half
KKR has quietly doubled its private credit deal machine, structuring or syndicating over $80 billion in investment-grade financings in the f
Enova abandons Grasshopper Bancorp deal, shares slide 17.5%
Enova International pulled its regulatory filings for the planned purchase of Grasshopper Bancorp, saying it doesn't need bank status to hit
India weighs 0.4% UPI fee on large merchant payments
India's payments regulator is exploring a 0.4% fee on UPI merchant transactions over 2,000 rupees. The move could create a new revenue strea
HDFC Bank begins CEO search as Nifty looks to end five-week losing streak
Indian stocks are expected to open higher after five straight weekly declines, but caution remains. HDFC Bank has started its CEO succession
CVC and JC Flowers team up to bid for UK lender Aldermore
Private equity firms CVC Capital Partners and JC Flowers have joined forces to bid for Aldermore, following FirstRand's decision to sell its
WesBanco's Florida and Nashville push could steady margins near 3.60%
WesBanco is counting on its newer Florida and Nashville markets to fuel growth. RBC expects the bank's net interest margin to stay near 3.60
TD pledges CA$150B to finance Canada's energy, AI and defense push
TD Bank plans to deploy CA$150 billion over five years into energy, critical minerals, defense, AI and infrastructure. The move aligns with
CBA-backed analysis challenges Macquarie's capital safety claims
Commonwealth Bank is pushing back on Macquarie's capital position, with a CBA-backed analysis claiming its key ratio understates risk. Meanw
UBS expands record debt buyback to $5.85B, retiring Credit Suisse bonds
UBS has expanded its biggest-ever debt buyback, now accepting $7.93 billion in tendered notes across nine bond series. The move accelerates
Fitch turns positive on ANZ New Zealand as loss-absorbing debt rules loom
Fitch Ratings has upgraded its outlook on ANZ Bank New Zealand to positive while affirming its A+ rating. The move reflects expected regulat
MPS turns Generali stake into a takeover shield against Intesa's €35B bid
Intesa Sanpaolo's €35 billion bid for MPS hits a snag: MPS shareholders will vote on a defense plan on October 29th that leverages its Gener