Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
PFC locks in 15-year bonds at 7.55%, pulls shorter issue
PFC raised 25 billion rupees via 15-year bonds at a 7.55% coupon, but withdrew its three-year tranche after investors sought yields above 7.
MPS's twin all-share offers shake up Italian banking
MPS has launched all-share offers for Banco BPM and Banca Generali, reigniting merger speculation in Italy. Boards, regulators, and key shar
Commerzbank chair urges Germany to rethink takeover rules after UniCredit deal
Jens Weidmann says UniCredit gained effective control of Commerzbank with fewer than 18% of shares tendered and no proper control premium. H
JPMorgan hires Bank of America's top tech dealmaker to lead North America M&A
JPMorgan is poaching Bank of America's veteran tech dealmaker David Fishman to run North America technology M&A. The move is part of a broad
KKR's Steadfast Deal and Anthropic IPO Talk Lift Bank Stocks
Financial stocks edged higher Friday as KKR's $5.52 billion bid for Steadfast and chatter about Citigroup helping Anthropic prepare for an I
Union Bank of India plans $1 billion dollar bond sale
Union Bank of India is sounding out investors for at least $1 billion in three- and five-year dollar bonds, after getting approval to raise
Fairfax nears $5B IDBI Bank deal, may get two years to sell CSB stake
Canada's Fairfax Financial is closing in on a deal to buy IDBI Bank from the Indian government and LIC for over $5 billion. The RBI may give
Deutsche Bank rebuilds energy trading desk with Wall Street hires
Deutsche Bank is rebuilding its energy trading desk, hiring former Goldman Sachs traders and senior Morgan Stanley commodity sales executive
BMO consolidates overseas capital markets under one leader
Bank of Montreal is consolidating its overseas capital-markets operations under one leader. Richard Couzens will take charge from November 1
Monte Paschi approves rival bids to fend off Intesa's €36B takeover
Monte dei Paschi di Siena is fighting back against Intesa Sanpaolo's €36 billion takeover bid by approving potential deals with Banco BPM an
Ghana mineworkers demand release of 380m cedis frozen in bank clean-up
Ghana's Mine Workers' Union is urging the Bank of Ghana to release more than 380 million cedis ($34.55 million) in savings frozen during the
CVC weighs bid for UK lender Aldermore ahead of September deadline
CVC is reportedly lining up a bid for UK lender Aldermore ahead of a September deadline, as South African owner FirstRand looks to sell. The