Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
MPS counters Intesa with €34B twin bids for Banco BPM and Generali
Monte dei Paschi di Siena has launched two all-share takeover bids worth about €34 billion for Banco BPM and Banca Generali, a bold counter
China's top asset managers seek better bad-debt returns, S&P says
China's four largest state-backed asset management companies are working to make new bad-debt deals more profitable. S&P Global Ratings says
Fed Minutes Reveal Regional Banks Pushed for Rate Hike
Minutes from the Fed's latest meeting show directors at four regional banks backed a quarter-point increase in the emergency lending rate, e
MTN weighs banking licenses to lend from its own balance sheet
MTN is considering banking licenses in a few markets to take deposits and lend from its own balance sheet. CEO Ralph Mupita calls credit 'th
JPMorgan adds Citi software banker to East Coast tech team
JPMorgan is strengthening its East Coast technology investment-banking team with the hire of Citigroup software banker Dan McDow. The move f
Dolce & Gabbana's lenders pause loan tests after loss
Dolce & Gabbana's lenders have agreed to pause loan covenant tests until March 2028 after the luxury group posted a €100 million-plus operat
Jefferies keeps hold ratings on BMO and Scotiabank despite earnings beats
Jefferies kept hold ratings on BMO and Scotiabank after both beat earnings expectations, saying the stocks already look fairly valued. BMO's
Scotiabank's profit rises as interest income and deal fees climb
Scotiabank's fiscal third-quarter profit rose to C$2.95 billion, helped by higher net interest income and record underwriting and advisory f
Australia's Big Four banks face valuation test as mortgage demand cools
Australia's Big Four banks are seeing a sharp drop in home-loan applications, with Westpac down 20% in the June quarter. Investors are quest
RBA says bank reserves still ample despite halving since 2022
The Reserve Bank of Australia says banking-system reserves have dropped by more than half since 2022, but there's still more cash than banks
BlackRock shops $671M private credit portfolio to close fund discount
BlackRock is testing the market for a $671 million private credit loan portfolio from its TCP Capital fund, hoping to close the gap between
Italy's bank deal wave shifts as MPS launches €34B all-share bids
Monte dei Paschi has launched €34 billion in all-share bids for Banco BPM and Banca Generali, aiming to create Italy's third-largest bank. T