By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
Citi's Overhaul Pays Off: Best Quarterly Revenue in a Decade, RBC Says
Citigroup's second-quarter results beat expectations, with revenue jumping 14% year-on-year to $24.8 billion. RBC Capital Markets says the b
BofA Sees CaixaBank Earnings Staying Strong as Rate Tailwinds Fade
Bank of America Global Research raised its price target on CaixaBank to €14.20 ahead of its July 29 results. The bank sees earnings growing
BofA Raises Santander Price Target to €13.8, Warns Brazil Rates May Pinch Margins First
Bank of America raised its price target for Banco Santander to €13.8 from €11, expecting strong upcoming results. However, it cautioned that
Power Finance Corp Returns to Dollar Bond Market with $300M Issue Under RBI Hedging Scheme
India's Power Finance Corp is issuing another $300 million US dollar bond, this time a three-year note priced at 110 basis points over SOFR.
M&T Bank's Q2 Profit Rises as Higher Rates Boost Lending Spread
M&T Bank's second-quarter profit rose as higher interest rates kept its lending spread wide. Net interest income increased 4.6% to $1.79 bil
JPMorgan to Hire 30 Senior Bankers in EMEA as Part of $1.5 Trillion National Security Plan
JPMorgan is hiring 30 senior bankers across EMEA to boost its corporate banking business. The move is linked to a $1.5 trillion national sec
SEB Q2 Profit Beats Forecasts as Corporate Activity Boosts Lending and Fees
SEB kicked off Nordic bank earnings with a Q2 profit beat, driven by strong corporate lending and deal-making. However, a raised cost target
Tata Capital Returns to Dollar Bond Market with $400-600 Million Note Offering
Tata Capital, an Indian non-bank lender, is returning to the dollar bond market with a 3.5-year note expected to raise $400-600 million. Ini
Wall Street Banks Post Blockbuster Q2 Results as Deal Activity Surges
Five major Wall Street banks kicked off second-quarter earnings season with blockbuster results. JPMorgan posted its most profitable quarter
EU to Propose Easing Bank Capital Rules, Reviving Deposit Insurance Scheme
The European Commission is set to propose changes to bank rules on Friday, including adjustments to Pillar 2 leverage requirements and a rev
Citi Posts Best Quarterly Revenue in a Decade as Volatile Markets Boost Trading and Deal Fees
Citigroup just posted its best quarterly revenue in a decade, as choppy markets boosted trading and dealmaking. Equities revenue surged 45%
RBI Proposes Easier Path for Long-Term Investors to Boost Bank Stakes to 10%
The Reserve Bank of India has proposed draft rules allowing long-term investors like mutual funds, insurers, and pension funds to increase b