Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
MPS CEO to pitch standalone defense against Intesa's €36B bid
MPS CEO Luigi Lovaglio will brief the board on Thursday on how to counter Intesa Sanpaolo's €36 billion takeover offer. The defense may hing
Indian banks rush dollar bond sales before RBI swap window closes
Indian banks are hurrying to sell dollar bonds before a Reserve Bank of India facility that made hedging cheaper expires on August 31. HDFC
BlackRock-linked lenders take control of film equipment firm MBS Group
Private credit firms HPS and Oaktree have taken over film equipment supplier MBS Group after it defaulted. Creditors will swap hundreds of m
Jefferies downgrades Alinma Bank to hold, cuts target to SAR27.2
Jefferies downgraded Alinma Bank to hold from buy, cutting its 12-month target to SAR27.2. The firm sees limited upside versus peers and tri
MPS explores share-swap deals to block Intesa's €36bn takeover
MPS is considering share-swap mergers with Banco BPM or Banca Generali as alternatives to Intesa Sanpaolo's unsolicited €36 billion takeover
DBS begins succession planning for chairman Peter Seah after 16 years
DBS Group is preparing for a leadership change, with Bloomberg reporting that the bank is mapping out a succession plan for chairman Peter S
Bank of America revamps Asia-Pacific industrials team with new chair and co-heads
Bank of America is shaking up leadership of its Asia-Pacific industrials deal team. Yuta Komori will chair the group, with Meng Gao and Masa
Goldman Sachs to acquire LCN Capital Partners for up to $410M
Goldman Sachs is acquiring LCN Capital Partners, a specialist in sale-leaseback real estate deals, for up to $410 million. The deal, expecte
Absa's Half-Year Profit Rises 8% as Credit Losses Ease
Absa's half-year headline earnings rose 8% to 12.8 billion rand as credit losses eased. The bank also lifted its interim dividend 8.3% to 85
Revolut eyes Australian home loans after banking licence
Revolut is considering home loans in Australia after landing a banking licence in July. The fintech aims to challenge the Big Four banks, wh
Germany weighs selling Commerzbank stake to UniCredit as talks advance
Germany may sell its remaining 12.7% Commerzbank stake to UniCredit, which already holds 47.59%. A deal could reshape European banking, but
SAB's mixed quarter still beats profit forecasts on lower provisions
Saudi Awwal Bank reported a mixed second quarter: operating income slipped and non-interest income fell 17%, but net income still beat forec