Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
JPMorgan Launches New Team to Target Mid-Market M&A Deals
JPMorgan Chase is staffing up a new team to chase mid-market mergers and acquisitions, targeting companies valued between $100 million and $
UniCredit Nears Control of Commerzbank With 47.6% Stake in €45 Billion Bid
UniCredit now holds 47.6% of Commerzbank, putting it just shy of full control in its €45 billion takeover bid. The Italian lender's growing
Jefferies Warns Australia's Big Banks Face Renewed Deposit Competition
Investment bank Jefferies warns that Australia's largest banks will face fiercer competition for deposits as loan growth outpaces deposit in
SBI Raises $1.5 Billion From Overseas Indians as RBI Covers Hedging Costs
India's largest lender, State Bank of India, has raised more than $1.5 billion from overseas Indians by offering elevated rates on three- to
Thames Water Creditors Offer £6.85 Billion Rescue Package to Avert Collapse
Thames Water's largest creditors are offering a £6.85 billion lifeline to prevent the utility from collapsing. The plan includes new equity
Fed Minutes and Rising Yields Pressure Financial Stocks
The release of Fed minutes sent 10-year Treasury yields to 4.58% and increased rate-hike expectations, causing financial stocks to fall. Hig
Truist's External CEO Hire Prompts BofA Downgrade, Signaling Strategy Stumbles
Bank of America Securities downgraded Truist Financial to neutral after the bank named external candidate Mike Lyons as its next CEO. The an
Santander Cuts Perks, Replaces Beijing Chief; Shares Fall 3% Premarket
Banco Santander shares dropped over 3% premarket after a report revealed the bank cut perks, tightened oversight, and replaced its top Beiji
BofA Sees Julius Baer Client Inflows Rebounding as Swiss Regulator Probe Ends
Bank of America expects Julius Baer's net new money to improve through 2026 as a Swiss regulator probe ends. The bank raised its price targe
RBC Downgrades AIB: Rate Cut Risks and Reserve Hikes Threaten Profit Growth
RBC Capital Markets downgraded AIB Group to underperform, warning that its valuation looks stretched. The bank faces headwinds from expected
UniCredit Builds 47.6% Stake in Commerzbank After Tender Offer Falls Short
UniCredit has amassed a 47.6% stake in Germany's Commerzbank after its tender offer attracted only 17.6% of shares. The Italian bank's move
Santander Tightens Asia-Pacific Oversight, Replaces Beijing Chief in Governance Shake-Up
Santander is tightening oversight across its Asia-Pacific business, including replacing its top banker in Beijing. The move reflects a broad