Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
BOQ faces uphill battle to lift returns, Jarden says
Jarden says Bank of Queensland's weak deposit base and rising credit risk make it hard to lift return on equity from around 6% toward its 12
Private Credit's $129 Billion Cash Pile Is Outrunning Its Deal Flow
Direct lenders pulled in $129.15 billion through September 2026 while third-quarter lending dropped 28% year on year. With more cash chasing
JPMorgan weighs smaller $4B debt deal for Qualtrics buyout
JPMorgan is weighing a smaller debt package to finance Qualtrics' acquisition of Press Ganey Forsta, after banks got stuck with over $5 bill
Regional Banks Beat Profit Forecasts but Net Interest Income Lags
PNC, US Bancorp, and First Horizon topped third-quarter profit forecasts but missed on net interest income. PNC and US Bancorp still raised
Fairfax to Fold Digit and IIFL Capital Into IDBI Bank After Deal Approval
India has approved Fairfax's 60.7% purchase of IDBI Bank. The Canadian firm now wants to fold its insurance and wealth businesses under the
First Horizon to Sell $4.5B in Low-Yield Mortgages, Boosting Future Profit
Memphis-based First Horizon is selling $4.5 billion in low-yield mortgages, taking a $473 million loss to free up balance sheet capacity. Th
JPMorgan arranges $5.4B loan package for Curium's Lantheus buyout
JPMorgan is assembling a $5.4 billion debt package to help Curium buy Lantheus Holdings. The financing includes a large term loan and a paym
Swiss top court backs Credit Suisse bonus clawbacks after UBS rescue
Switzerland's highest court has reversed a 2025 decision and ruled that bonus cuts for roughly 1,000 Credit Suisse senior managers were lawf
RBI clarifies rupee hedging rule after forwards market turmoil
After new RBI hedging rules sent rupee forward premiums to multi-year highs and made some lenders pause quotes, the central bank clarified w
RBC raises ABN Amro profit forecast ahead of Q3 results
RBC Capital Markets has updated its forecasts for ABN Amro ahead of its Nov. 11 results, expecting a rise in quarterly profit and net intere
India's Bank Deposits Hit Record After RBI's Dollar Swap Window
India's bank deposits hit a record 284 trillion rupees after the RBI's dollar swap window pulled in $133 billion. The extra liquidity may ke
BNY Mellon CEO sees 5.25% 10-year yields as return to normal
BNY Mellon's CEO says the recent jump in 10-year Treasury yields to about 5.25% is a return to normal, not a shock. The bank's profit rose 2