Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
BofA loses co-head of investment banking after 20 years
Mike Joo, co-head of investment banking at Bank of America, is departing after 20 years. The bank says it has added more than 40 managing di
Brazil bank chiefs push for single-digit rates after fourth cut
Brazil's central bank cut its key rate to 14%, the fourth straight reduction. But top bank CEOs argue rates are still too high and want sing
Stanbic Kenya sees loan demand rebound after rate cuts
Stanbic Holdings halved its interim dividend after margins tightened, but CEO Joshua Oigara says Kenya's rate cuts are reviving loan demand
RBI Moves Tata Sons to Stricter NBFC Tier, Keeping Listing Pressure On
The Reserve Bank of India has placed Tata Sons in its 'upper layer' category for non-bank lenders, a move that increases regulatory oversigh
Metzler lifts Deutsche Bank target to €31 but keeps hold on loan-loss worries
Metzler lifted its price target on Deutsche Bank to €31 after the lender's Q2 revenue rose 9% year over year, led by its investment bank. Bu
Standard Chartered gets India approval to sell wealth products from GIFT City
Standard Chartered has secured in-principle approval from India's IFSCA to sell retail wealth products from GIFT City. The bank plans to rol
BPER Banca sets €2.7bn 2028 profit goal as Italy's banks consolidate
BPER Banca, Italy's fifth-largest bank, has set a 2028 profit target of about €2.7 billion. It could also pick up 635 branches from MPS if I
Commerzbank profit nearly doubles as UniCredit circles
Commerzbank's second-quarter net profit surged 94% to €898 million, topping expectations. The strong result comes as Italy's UniCredit moves
DBS posts record quarterly profit, lifts outlook despite margin squeeze
DBS, Singapore's largest bank, reported a record second-quarter profit of S$3.08 billion and raised its full-year guidance. Strong wealth-ma
Bradesco's profit streak extends to 10 quarters on secured loan growth
Brazilian lender Bradesco reported a 16.2% jump in Q2 recurring profit, marking a tenth straight quarter of growth. Secured lending helped e
Morgan Stanley leads $15B refinancing of Google-backed AI data center
Morgan Stanley is leading a $15 billion refinancing for Nexus Data Centers' Texas AI campus, using multiple bond sales. The deal replaces sh
Commercial Bank International's Q2 profit surge keeps FAB Securities bullish
Commercial Bank International's second-quarter net profit more than doubled to AED 95 million, beating expectations. FAB Securities kept its