By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
PKO BP beats Q2 forecasts as fees offset rate cuts and higher tax
PKO BP beat second-quarter profit forecasts thanks to higher fees and lower Swiss franc mortgage costs, offsetting weaker interest income an
Bank of America's $1.9B Jio Credit deal highlights foreign rush into India's lenders
Bank of America is paying $1.92 billion for up to 49.9% of Jio Credit, India's non-bank lender. The deal is part of a broader wave of foreig
Banco do Brasil beats profit forecasts but loan stress rises
Banco do Brasil topped Q2 profit expectations with 3.91 billion reais, but its 90-day delinquency rate climbed to 5.6%, a sign of growing cr
Bank stocks rise as inflation cools and big deals surface
Bank stocks rose as inflation cooled to 3.4% and major deals like Goldman's Neos acquisition and BofA's infrastructure plan boosted sentimen
Switzerland proposes tougher UBS bonus rules after Credit Suisse collapse
Switzerland has launched a consultation on reforms that would rein in UBS bonuses and strengthen regulator FINMA's powers. The plan aims to
ABN Amro lifts lending income target to €6.8bn after strong quarter
ABN Amro raised its key lending income target to €6.8 billion after a stronger-than-expected quarter. The Dutch bank also cut its cost-to-in
Radiant World's creditor count jumps as iron-ore trader faces mounting claims
The number of secured creditors with claims over Radiant World's Singapore business has more than doubled since the start of 2025, according
Swiss lawmakers fail to agree on stricter UBS capital rules
Swiss lawmakers hit a snag on plans to tighten capital rules for UBS, potentially requiring the bank to hold about $20 billion more top-tier
JPMorgan to keep hiring in Asia-Pacific as corporate banking revenue jumps
JPMorgan reports Asia-Pacific corporate banking revenue up more than 20% year-to-date, fueled by AI infrastructure, data centers, and trade
Westpac's profit edges up but mortgage demand cools
Westpac's quarterly profit ticked up to A$1.8 billion, but mortgage demand softened after budget changes and high interest rates. The bank's
SBI beats profit forecasts as loan growth drives 10% quarterly gain
State Bank of India beat analyst expectations with a 10% rise in quarterly net profit, driven by strong loan growth and wider margins. The b
OCBC's Q2 profit jumps 22% as record fees and trading offset loan income dip
OCBC's second-quarter net profit rose 22% to S$2.22 billion, powered by record fee and trading income. That offset a small decline in net in