By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
BofA lifts NatWest price target, says valuation discount is unwarranted
Bank of America has nudged up its price target for NatWest to £8.50, saying the bank's valuation discount doesn't reflect its improving outl
Capri Global's first dollar bond draws $300 million, priced below guidance
Indian non-bank lender Capri Global Capital sold its first US dollar bond at 7.55%, below initial price talk, attracting $300 million in bid
Mercado Pago expands credit cards in Brazil despite central bank debt curbs
Mercado Pago keeps issuing more credit cards in Brazil even as the central bank signals new rules to cool high-cost household borrowing. The
Swiss senators back lighter capital rule for UBS foreign units
Swiss lawmakers are pushing back on a government plan that would require UBS to hold more common equity for its foreign units. A Senate comm
HDFC Bank shares jump as CEO Jagdishan steps aside, search begins
HDFC Bank shares rose about 2% after CEO Sashidhar Jagdishan said he won't seek reappointment, kicking off a faster-than-expected search. De
TD's Strong Quarter Revives Talk of Big Share Buybacks
Toronto-Dominion Bank's stronger fiscal Q3 results have RBC Capital Markets predicting sizable share buybacks. The bank's adjusted EPS beat
Mizuho seeks injunction against Radiant World in Singapore court
Mizuho Bank is seeking an injunction against Radiant World's Singapore entity in the Supreme Court. The move comes as lenders freeze account
Big US banks split over Fed's plan to rework GSIB capital surcharge
The Federal Reserve wants to change how it calculates an extra capital buffer for the biggest US banks. JPMorgan and Bank of America argue t
BofA says Emirates NBD's growth story is mispriced, lifts target
Bank of America sees Emirates NBD's growth and profitability as underappreciated, lifting its price target to 38.50 dirhams. The bank still
Bank Handlowy profit jumps 94% on VeloBank sale, but misses forecasts
Bank Handlowy's second-quarter profit surged 94% to 320.8 million zlotys, helped by the sale of its retail business to VeloBank. But the res
JPMorgan explores its own stablecoin as big banks embrace the tech
Big banks are increasingly treating stablecoins as a serious payments tool. JPMorgan has explored issuing its own, though it's sticking with
National Bank of Canada leans on capital markets for Q3 profit growth
National Bank of Canada reported a stronger fiscal third quarter, with adjusted profit climbing to C$1.36 billion. Capital markets revenue s