Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
BofA downgrades Barclays to neutral on rising cost outlook
Bank of America downgraded Barclays to neutral, warning that costs could keep rising after the bank guided to about 4% growth in 2026. The p
Taiwan regulator fines Cathay fund unit, halts new overseas funds for a year
Taiwan's financial regulator has fined Cathay Securities Investment Trust NT$6 million and banned it from launching overseas funds or ETFs f
Capri Global's first dollar bond draws $300 million, priced below guidance
Indian non-bank lender Capri Global Capital sold its first US dollar bond at 7.55%, below initial price talk, attracting $300 million in bid
Mercado Pago expands credit cards in Brazil despite central bank debt curbs
Mercado Pago keeps issuing more credit cards in Brazil even as the central bank signals new rules to cool high-cost household borrowing. The
MUFG partners with BlackRock and Morgan Stanley to expand Japan buyout lending
Mitsubishi UFJ Financial Group is partnering with BlackRock and Morgan Stanley to channel overseas institutional money into buyout loans for
Swiss senators back lighter capital rule for UBS foreign units
Swiss lawmakers are pushing back on a government plan that would require UBS to hold more common equity for its foreign units. A Senate comm
Kotak Mahindra Bank names two internal candidates in early CEO search
Kotak Mahindra Bank is starting its CEO succession early, sending two internal candidates to the RBI for approval. Current chief Ashok Vaswa
HDFC Bank shares jump as CEO Jagdishan steps aside, search begins
HDFC Bank shares rose about 2% after CEO Sashidhar Jagdishan said he won't seek reappointment, kicking off a faster-than-expected search. De
HDFC Bank CEO Jagdishan to retire in 2026, successor search underway
HDFC Bank CEO Sashidhar Jagdishan will retire in October 2026, and the board is fast-tracking a successor search. The announcement comes ami
TD's Strong Quarter Revives Talk of Big Share Buybacks
Toronto-Dominion Bank's stronger fiscal Q3 results have RBC Capital Markets predicting sizable share buybacks. The bank's adjusted EPS beat
China's biggest banks see first profit growth in years as margins stabilize
China's five largest banks reported 3%-5% profit growth for the first half, and their net interest margins ticked up in Q2 for the first tim
Mizuho seeks injunction against Radiant World in Singapore court
Mizuho Bank is seeking an injunction against Radiant World's Singapore entity in the Supreme Court. The move comes as lenders freeze account