Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Axis Bank Q1 Profit Beats Forecasts as Provisions Drop 44%, Margin Squeeze Persists
Axis Bank beat profit forecasts in Q1 as provisions dropped 44%, but net interest margin narrowed to 3.46%. Loan growth outpaced deposits, r
Regional Banks Surge on Loan Growth and Rebounding Deal Fees in Q2
US regional banks posted better-than-expected second-quarter results, fueled by solid loan demand and a revival in investment banking fees f
Federal Bank Warns of 1.5%-2% Net Worth Hit from India's New Loan Loss Rules
Federal Bank, backed by Blackstone, says India's move to an expected credit loss accounting standard will cost it 1.5%-2% of net worth. The
Truist Profit Jumps 29% as Trading and Deal Fees Surge Nearly 72%
Truist Financial's second-quarter profit jumped 29% to $1.52 billion, fueled by a nearly 72% rise in investment banking and trading income.
Fifth Third Bancorp Q2 Profit Boosted by 48% Jump in Net Interest Income and Strong Fee Revenue
Fifth Third Bancorp posted strong second-quarter results, with net interest income climbing 48% to $2.22 billion. Fee-based businesses like
Regions Financial Profit Rises as Credit Loss Provisions Drop Sharply
Regions Financial posted a rise in second-quarter profit as provisions for credit losses dropped sharply. Net interest income edged up 1.4%
Indonesia's Central Bank Eases Bank Liquidity After Government Deposit Shift
Indonesia's central bank is smoothing bank liquidity after a brief government deposit shuffle tightened cash. The INDONIA overnight rate has
Monte Paschi Puts Banco BPM Merger Under Microscope, Flags Intesa's Low Premium
Banca Monte dei Paschi di Siena is digging deeper into Banco BPM's merger proposal, while also weighing a rival takeover offer from Intesa S
Columbia Financial Goes Fully Public With $1.67 Billion Share Sale and Northfield Bancorp Merger
Columbia Financial is converting from a mutual bank to a fully public company, issuing 167.2 million shares at $10 each. The move coincides
Danske Bank Lifts Profit Forecast After Strong Q2 Beat
Danske Bank posted a second-quarter net profit of 6.02 billion Danish crowns, beating analyst expectations. The bank raised its full-year pr
BofA Adjusts Sabadell Forecasts After TSB Sale, Sees Q2 Profit Boost
Bank of America revised its forecasts for Banco de Sabadell ahead of its July 24th earnings. The broker expects a strong Q2 profit of 739 mi
RBC Adjusts ABN Amro Forecasts as NIBC Deal Closing Shifts to August 1
RBC Capital Markets now expects ABN Amro's NIBC deal to close on August 1, later than previously modeled. The shift trims near-term earnings