By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
UniCredit Builds 47.6% Stake in Commerzbank After Tender Offer Falls Short
UniCredit has amassed a 47.6% stake in Germany's Commerzbank after its tender offer attracted only 17.6% of shares. The Italian bank's move
Morgan Stanley Expands Netwealth's Role in Australian Wealth Business
Morgan Stanley is expanding Netwealth's role in its Australian wealth operations, bringing the platform's ASX trading and iHIN features to a
National Bank of Canada Expands West with Truvera Trust Acquisition
National Bank of Canada is acquiring Truvera Trust through its Natcan Trust subsidiary, aiming to expand estate and trust services in Wester
Deutsche Bank's Q2 Earnings Preview: Costs Weigh, but Buyback and Higher NII Target Could Shift Focus
Deutsche Bank reports Q2 earnings on July 24, with analysts expecting higher costs to weigh on profit. But the focus may shift to a potentia
BofA Boosts Bank EPS Forecasts on Capital Markets and Wealth Inflows
Bank of America Securities lifted its earnings forecasts and price targets for major US banks, pointing to robust dealmaking and wealth mana
Bank of England Proposes Easing Key Capital Rule for Major UK Banks
The Bank of England has outlined plans to ease a key capital rule for big UK banks, softening the leverage ratio and making buffers more fle
HSBC Reviews Turkey Retail and Small-Business Banking, Signals Possible Exit
HSBC is reviewing its retail and domestic-focused corporate banking in Turkey, considering all options as it continues to exit sub-scale mar
PNB Housing Finance Launches ₹5 Billion Bond Sale with 7.83% Coupon
PNB Housing Finance is raising ₹5 billion through a AAA-rated bond offering a 7.83% coupon over three years. The sale comes amid a busy day
RBC Tweaks BNP Paribas Forecasts Ahead of Q2 Results, Keeps Price Target Steady
RBC Capital Markets nudged up its expectations for BNP Paribas' dealmaking and trading businesses ahead of the bank's second-quarter results
Morgan Stanley Warns Regional Banks Face Rising Deposit Costs, Downgrades Truist and Prosperity
Morgan Stanley warns regional banks may face higher deposit costs as competition heats up in Texas and the Southeast. The firm cut 2027 earn
ING and MUFG Make Strategic Moves into Wealth Management and ASEAN Payments
ING agreed to buy a 40% stake in Spanish wealth manager Singular Bank, while MUFG signed an ASEAN payments partnership with JCB. Both moves
Fitch Upgrades Five Chinese Mid-Tier Banks on Government Support Hopes
Fitch Ratings upgraded five Chinese mid-tier banks, saying it's more confident Beijing would step in if they faced trouble. The upgrades cou