Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
ECB clears Monte dei Paschi's Mediobanca merger, reshaping Italy's banking landscape
The European Central Bank has approved Banca Monte dei Paschi di Siena's plan to merge Mediobanca into its group, clearing a major hurdle in
Revolut wins conditional US bank charter approval from OCC
Revolut has received conditional approval from the OCC for a US national bank charter. The move could let the fintech offer banking services
India's REC to pilot tokenized bonds with RBI digital currency
India is testing tokenized corporate bonds with a pilot sale by state-run REC, limited to investors using RBI's digital currency. The move c
Morgan Stanley targets X accounts sharing its research charts
Morgan Stanley is cracking down on X posts that share its research charts, filing copyright complaints against at least 16 accounts. One str
ANZ data shows Australian card spending stalled in August
ANZ's monthly card data shows Australian spending stalled in August, with annual growth cooling to 4.1% from 6.1%. Fuel and EV charging slip
Brazil's Pix and ECB's TIPS explore link, 2028 pilot possible
Brazil's central bank and the European Central Bank are exploring whether Pix can connect with the ECB's TIPS network. A source told Reuters
Indian banks urge RBI to use FX swaps to drain record cash pile
India's biggest banks are asking the central bank to drain a record 9.7 trillion rupees of excess cash using dollar/rupee swaps instead of r
India's banking system is awash in cash, and the RBI must mop it up
India's banks are sitting on a record 9.7 trillion rupees of surplus cash after a surge in foreign-currency deposits. The RBI now faces the
Italy's September crunch: bank deal deadlines and index reshuffle loom
Italy's September is packed: binding bids for Banca del Mezzogiorno are due Sept 18, and Technoprobe joins the FTSE MIB on Sept 21. Investor
RBA seeks feedback on tokenized settlement, again rules out retail CBDC
The Reserve Bank of Australia is asking for input on how its settlement system can support tokenized assets, but it sees no need for a retai
RBI's Dollar Deposit Scheme Draws Record $136 Billion, Reserves Hit High
India's central bank closed its diaspora dollar deposit window early after banks raised $127.23 billion, lifting reserves to a record $729.3
BofA lifts NatWest price target, says valuation discount is unwarranted
Bank of America has nudged up its price target for NatWest to £8.50, saying the bank's valuation discount doesn't reflect its improving outl