Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Oppenheimer warns of tough Q3 earnings for big US banks
Oppenheimer warns that September-quarter earnings for big US banks could disappoint as capital markets revenue lags expectations. The broker
UBS explores moving headquarters as Swiss capital rules loom
UBS has been sounding out Nordea about what it would take to move a bank's legal home, as Swiss lawmakers debate capital rules that could fo
UniCredit and Commerzbank Revisit HVB Tie-Up, RBC Says
RBC Capital Markets says UniCredit and Commerzbank are again exploring a tie-up involving HVB. A share-based deal could value HVB at EUR 22-
Nidec in Talks to Renew ¥600B Credit Lines After Accounting Fallout
Nidec is in talks with MUFG Bank and Sumitomo Mitsui Banking Corp. to renew 600 billion yen of committed credit lines. The move comes as acc
HSBC hires Cantor's Paras Jain to lead global TMT banking
HSBC has hired Paras Jain from Cantor Fitzgerald to lead its global technology, media, and telecom banking business. The move underscores HS
Rakuten Bank Takes Lead in Rakuten's Fintech Restructuring
Rakuten Group has restructured its fintech businesses, placing Rakuten Card and Rakuten Securities Holdings under Rakuten Bank. The move lea
ANZ to End 55-Year KPMG Audit Run, Seek New Auditor by 2029
ANZ is ending its 55-year audit relationship with KPMG, citing the need for fresh oversight. A tender will pick a new auditor by April, with
HDFC Bank taps ICICI Prudential's Anup Bagchi as next CEO
HDFC Bank has chosen Anup Bagchi, CEO of ICICI Prudential Life, as its next chief executive, pending RBI approval. If cleared, he'd be the f
Barclays expands Anthropic AI partnership as bank stocks dip
Barclays is expanding its partnership with Anthropic to deploy secure AI tools across its global operations. The move comes as bank stocks e
UBS rejects Artisan's call to leave Switzerland over capital rules
UBS is resisting activist investor Artisan Partners' call to consider leaving Switzerland, after proposed capital rules sparked a dispute ov
Kotak Mahindra Bank names Anup Kumar Saha as CEO after RBI approval
Kotak Mahindra Bank has received RBI approval for Anup Kumar Saha to become CEO for three years starting January 1. He replaces Ashok Vaswan
BBVA Raises Interim Dividend to €0.37 a Share, a Record Payout
BBVA will pay a record interim dividend of €0.37 per share, about €2 billion in total. The Spanish bank is sticking to its policy of returni