By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
Riyad Bank Q2 Profit Rises to 2.65 Billion Riyals on Stronger Trading Income
Riyad Bank's second-quarter profit rose to 2.65 billion riyals as stronger trading results and higher special commission income boosted oper
Yes Bank Profit Surges 34% as India's Lending Boom Continues
Yes Bank's first-quarter profit rose 34% as loans climbed 18.3% and bad loans held steady at 1.3%. The results highlight India's ongoing cre
Regional Banks Surge on Loan Growth and Rebounding Deal Fees in Q2
US regional banks posted better-than-expected second-quarter results, fueled by solid loan demand and a revival in investment banking fees f
Federal Bank Warns of 1.5%-2% Net Worth Hit from India's New Loan Loss Rules
Federal Bank, backed by Blackstone, says India's move to an expected credit loss accounting standard will cost it 1.5%-2% of net worth. The
Truist Profit Jumps 29% as Trading and Deal Fees Surge Nearly 72%
Truist Financial's second-quarter profit jumped 29% to $1.52 billion, fueled by a nearly 72% rise in investment banking and trading income.
Monte Paschi Puts Banco BPM Merger Under Microscope, Flags Intesa's Low Premium
Banca Monte dei Paschi di Siena is digging deeper into Banco BPM's merger proposal, while also weighing a rival takeover offer from Intesa S
Danske Bank Lifts Profit Forecast After Strong Q2 Beat
Danske Bank posted a second-quarter net profit of 6.02 billion Danish crowns, beating analyst expectations. The bank raised its full-year pr
US Bancorp and State Street Beat Q2 Revenue Estimates on Loan Growth and Fees
US Bancorp and State Street both beat second-quarter revenue estimates, showing strength in both lending income and fee income. US Bancorp r
US Bancorp Posts Record Revenue as Loan Growth and BTIG Deal Boost Fees
US Bancorp posted record quarterly revenue of $7.71 billion, up 10.1% from a year ago. Loan growth and a jump in capital markets fees from t
Avanza Bank's Strong First Half Faces Headwinds as Swedish Rates Ease
Avanza Bank posted a 26% jump in Q2 operating income, capping a strong first half. But Berenberg warns that falling Swedish short-term rates
Italy's Banking Deal Chatter Intensifies as Berlin and Rome Signal Openness
Germany's chancellor says Berlin won't block UniCredit's interest in Commerzbank, while Rome hints it's close to selling its 4.9% stake in M
Citi's 45% Profit Surge Overshadowed by Cost Warning, Shares Drop 5%
Citigroup reported a 45% jump in second-quarter net income, but the market fixated on management's warning that costs will rise in the secon