By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
BofA: SocGen's next phase hinges on cost cuts, not growth
Bank of America expects Société Générale's next phase to come from self-help—cost cuts and capital efficiency—rather than risky growth. The
FirstRand sets aside another £518m for UK motor finance redress
FirstRand has added another £518.4 million to its provisions for possible UK motor finance compensation. The bank kept its capital ratio at
Maybank raises $700M in US dollar bonds to diversify funding
Malayan Banking raised $700 million by selling three- and five-year US dollar bonds. The deal diversifies funding and signals confidence in
Swedbank's price target cut as 2027 profit goal slips to 2028
AlphaValue/Baader Europe has cut its price target on Swedbank to 312 kronor and now expects the bank to hit its 15% 2027 return target a yea
China's state capital injections to boost ICBC and ABC capital buffers
China is preparing to inject fresh state capital into major banks and insurers. Fitch says the move could lift ICBC and ABC's core capital r
Intesa sees MPS deal payoff mostly arriving in 2029
Intesa Sanpaolo says the benefits from its €35.7 billion bid for Monte dei Paschi di Siena will take time, with most of the €2.9 billion pre
Jefferies-linked fund seeks to freeze $499M tied to iron ore trader
LAM Trade Finance Group II, linked to Jefferies, is seeking to freeze up to $499 million in assets tied to iron ore trader Radiant World. Th
Revolut wins conditional US bank charter approval from OCC
Revolut has received conditional approval from the OCC for a US national bank charter. The move could let the fintech offer banking services
Morgan Stanley targets X accounts sharing its research charts
Morgan Stanley is cracking down on X posts that share its research charts, filing copyright complaints against at least 16 accounts. One str
Brazil's Pix and ECB's TIPS explore link, 2028 pilot possible
Brazil's central bank and the European Central Bank are exploring whether Pix can connect with the ECB's TIPS network. A source told Reuters
Italy's September crunch: bank deal deadlines and index reshuffle loom
Italy's September is packed: binding bids for Banca del Mezzogiorno are due Sept 18, and Technoprobe joins the FTSE MIB on Sept 21. Investor
RBA seeks feedback on tokenized settlement, again rules out retail CBDC
The Reserve Bank of Australia is asking for input on how its settlement system can support tokenized assets, but it sees no need for a retai