Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
DBS Targets S$1 Trillion in Wealth Assets by 2030 with AI and Hiring Push
DBS, Singapore's largest bank, aims to grow its wealth assets under management to S$1 trillion by 2030. The plan relies on artificial intell
UK Banks Face Wait for Anthropic's Cybersecurity AI, Sparking Push for Homegrown Tech
UK banks want access to Anthropic's cybersecurity AI model, Mythos, but most remain on a waiting list. A government-appointed adviser says t
AI Infrastructure Boom Drives Steady Deal Flow for Wall Street Banks
Wall Street's largest banks say the AI infrastructure build-out is generating a steady stream of IPOs, debt deals, and data center financing
Wall Street Banks Surge on IPO and M&A Boom in Q2
Wall Street's biggest banks saw a strong second quarter as blockbuster IPOs and a pickup in M&A lifted deal fees. The nearly $86 billion Spa
Wall Street Banks Post Blockbuster Q2 Results as Deal Activity Surges
Five major Wall Street banks kicked off second-quarter earnings season with blockbuster results. JPMorgan posted its most profitable quarter
UK Banks' Limited Access to Anthropic's Mythos AI Sparks Treasury Push for Domestic Capability
Harriet Rees, Starling Bank's CIO and a Treasury appointee, says limited UK bank access to Anthropic's Mythos AI model is a wake-up call. Th
EU to Propose Easing Bank Capital Rules, Reviving Deposit Insurance Scheme
The European Commission is set to propose changes to bank rules on Friday, including adjustments to Pillar 2 leverage requirements and a rev
Citi Posts Best Quarterly Revenue in a Decade as Volatile Markets Boost Trading and Deal Fees
Citigroup just posted its best quarterly revenue in a decade, as choppy markets boosted trading and dealmaking. Equities revenue surged 45%
India's IDBI Bank Sale Revived as Fairfax, Emirates NBD Submit New Bids
India's long-running effort to sell IDBI Bank is back on track after Fairfax Financial and Emirates NBD submitted revised bids for the gover
RBI Proposes Easier Path for Long-Term Investors to Boost Bank Stakes to 10%
The Reserve Bank of India has proposed draft rules allowing long-term investors like mutual funds, insurers, and pension funds to increase b
Goldman Sachs Equities Trading Revenue Hits Record $7.42 Billion as Deal Fees Surge
Goldman Sachs posted a standout quarter with equities trading revenue hitting a record $7.42 billion, up 72%. Investment banking fees rose 5
Goldman Sachs Equities Trading Revenue Hits Record $7.42 Billion as Deal Fees Surge
Goldman Sachs posted a strong second-quarter profit, led by a record $7.42 billion in equities trading revenue. Volatile markets and a picku