Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Morgan Stanley Expands Netwealth's Role in Australian Wealth Business
Morgan Stanley is expanding Netwealth's role in its Australian wealth operations, bringing the platform's ASX trading and iHIN features to a
HSBC Expands Hong Kong Gold Vault to 200 Tons, Targets 25% of Bullion Trade
HSBC is expanding its Hong Kong gold vault capacity to 200 tons as it targets a 20-25% share of the city's growing bullion trade. The move s
National Bank of Canada Expands West with Truvera Trust Acquisition
National Bank of Canada is acquiring Truvera Trust through its Natcan Trust subsidiary, aiming to expand estate and trust services in Wester
Deutsche Bank's Q2 Earnings Preview: Costs Weigh, but Buyback and Higher NII Target Could Shift Focus
Deutsche Bank reports Q2 earnings on July 24, with analysts expecting higher costs to weigh on profit. But the focus may shift to a potentia
Truist Faces Murkier Outlook as New CEO Takes Over, UBS Downgrades
UBS cut its rating on Truist Financial to neutral, pointing to leadership turnover risk and an uncertain interest-rate path. The downgrade c
HSBC Tightens Private Credit Lending, Signaling Caution on Riskier Funds
HSBC is tightening lending to certain private credit managers, cutting back on back-leverage financing for clients with weaker returns. The
BofA Boosts Bank EPS Forecasts on Capital Markets and Wealth Inflows
Bank of America Securities lifted its earnings forecasts and price targets for major US banks, pointing to robust dealmaking and wealth mana
Fiserv Explores STAR Network Sale; HSBC Reviews Turkey Business
Fiserv is reportedly exploring a sale of its STAR Network debit payments unit, sending shares higher. Meanwhile, HSBC has launched a review
Bank of England Proposes Easing Key Capital Rule for Major UK Banks
The Bank of England has outlined plans to ease a key capital rule for big UK banks, softening the leverage ratio and making buffers more fle
Wall Street Banks Set for 15% Revenue Jump as Trading and Deals Surge
Wall Street banks are heading into second-quarter earnings with strong trading revenue expected to climb at least 15% from a year ago. The S
HSBC Reviews Turkey Retail and Small-Business Banking, Signals Possible Exit
HSBC is reviewing its retail and domestic-focused corporate banking in Turkey, considering all options as it continues to exit sub-scale mar
Foreign Investors Return to Indian Bank Stocks After Four-Month Selloff
Foreign portfolio investors snapped a four-month selling streak by buying 146.34 billion rupees of Indian bank stocks in late June. The shif