Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Morgan Stanley's Deal Fees and Trading Surge Drive Strong Q2 Profit
Morgan Stanley's Q2 profit rose sharply as investment banking revenue hit $2.44 billion and equities trading surged 69%. The results reflect
BofA Raises Santander Price Target to €13.8, Warns Brazil Rates May Pinch Margins First
Bank of America raised its price target for Banco Santander to €13.8 from €11, expecting strong upcoming results. However, it cautioned that
HDB Financial Profit Surges 48% as Consumer Loans Drive Growth
HDB Financial Services posted a 48% rise in June-quarter net profit, driven by a 21% surge in consumer lending. Gross stage 3 loans edged do
MBK Chairman Offers $134 Million Personal Guarantee to Save Homeplus
MBK Partners' chairman is putting up $134 million of his own money to backstop Homeplus. The deal hinges on Meritz Financial Group's board a
Power Finance Corp Returns to Dollar Bond Market with $300M Issue Under RBI Hedging Scheme
India's Power Finance Corp is issuing another $300 million US dollar bond, this time a three-year note priced at 110 basis points over SOFR.
BNY Raises Full-Year Revenue Forecast After Record Quarterly Earnings
BNY posted record quarterly revenue of $5.7 billion, up 13%, driven by stronger fees and net interest income. The custodian bank raised its
M&T Bank's Q2 Profit Rises as Higher Rates Boost Lending Spread
M&T Bank's second-quarter profit rose as higher interest rates kept its lending spread wide. Net interest income increased 4.6% to $1.79 bil
JPMorgan to Hire 30 Senior Bankers in EMEA as Part of $1.5 Trillion National Security Plan
JPMorgan is hiring 30 senior bankers across EMEA to boost its corporate banking business. The move is linked to a $1.5 trillion national sec
RBC Expects Commerzbank to Reaffirm 2026 Targets Amid UniCredit Stake and Buyback Hopes
RBC Capital Markets expects Commerzbank to reaffirm its 2026 targets when it reports second-quarter results on August 6. Analysts see net in
SEB Q2 Profit Beats Forecasts as Corporate Activity Boosts Lending and Fees
SEB kicked off Nordic bank earnings with a Q2 profit beat, driven by strong corporate lending and deal-making. However, a raised cost target
Handelsbanken Q2 Profit Misses Forecasts as Interest Income Drops 7%
Handelsbanken's Q2 net profit fell 5% year-on-year to 5.23 billion crowns, missing analyst forecasts. Net interest income dropped 7% to 10.0
Tata Capital Returns to Dollar Bond Market with $400-600 Million Note Offering
Tata Capital, an Indian non-bank lender, is returning to the dollar bond market with a 3.5-year note expected to raise $400-600 million. Ini