By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
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
BNP Paribas Beats Q2 Profit Forecasts on Record Equity Trading, Integration Costs Loom
BNP Paribas beat second-quarter profit expectations as equity trading revenue hit a record. However, rising costs from integrating AXA Inves
Macquarie Asset Management Profit Drops Despite Record AU$748 Billion in Assets
Macquarie Asset Management's profit contribution fell year over year in the June quarter after the sale of its public investments business.
Macquarie Taps Greg Ward as CEO Successor as Wikramanayake Steps Down After Eight-Year Transformation
Macquarie Group has chosen Greg Ward to replace Shemara Wikramanayake as CEO, effective November 6th. Wikramanayake spent nearly eight years
BNP Paribas Italy Unions Demand Job Guarantees Ahead of November Strategy Overhaul
Labor representatives at BNP Paribas Italy are calling for job guarantees to be included in the bank's upcoming November strategy. The push
EFG Shares Dip as Latin America Growth Fails to Lift Profit Above Expectations
EFG International shares slipped after first-half profit growth fell short of expectations, even as assets under management rose 6.5% to CHF
Goldman Sachs Merges Private Investing Teams for Wealthy Clients
Goldman Sachs is merging two private-investing teams into one platform for wealthy clients. The move aims to simplify access to private comp
Bank Aljazira Q2 Profit Rises to SAR 442.8 Million on Higher Financing Income
Bank Aljazira posted a Q2 net profit of SAR 442.8 million as operating income climbed to SAR 1,215.9 million. The Saudi lender benefited fro
Metro Bank in Early Talks for £2 Billion Aldermore Tie-Up Amid Motor Finance Scandal
Metro Bank is exploring a £2 billion deal for Aldermore, according to Sky News. The talks are early, and Aldermore's owner FirstRand is sell
Columbia Financial Completes $580M Northfield Acquisition, Begins Nasdaq Trading
Columbia Financial has wrapped up its $580 million Northfield Bancorp acquisition and begun trading on the Nasdaq Global Select Market under
Julius Baer Inflows Pick Up, but De-Risking Drag Extends to 2027
Julius Baer attracted 5.7 billion Swiss francs in net new money in the first half, beating expectations. However, the bank cautioned that it