Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
PNB Housing Finance Launches ₹5 Billion Bond Sale with 7.83% Coupon
PNB Housing Finance is raising ₹5 billion through a AAA-rated bond offering a 7.83% coupon over three years. The sale comes amid a busy day
HSBC Tightens Private Credit Lending, Shifts to Lower-Risk Funds
HSBC is scaling back its exposure to riskier private credit lending, informing some clients it will not renew their borrowing facilities. Th
RBC Tweaks BNP Paribas Forecasts Ahead of Q2 Results, Keeps Price Target Steady
RBC Capital Markets nudged up its expectations for BNP Paribas' dealmaking and trading businesses ahead of the bank's second-quarter results
JPMorgan and Bank of America Eye Fiserv's STAR Network in Potential Deal
Fiserv has held discussions with JPMorgan Chase and Bank of America about selling its STAR Network debit payments business. The potential de
Morgan Stanley Warns Regional Banks Face Rising Deposit Costs, Downgrades Truist and Prosperity
Morgan Stanley warns regional banks may face higher deposit costs as competition heats up in Texas and the Southeast. The firm cut 2027 earn
HSBC Bolsters Saudi Deal Team with Three Senior Hires Amid Gulf Expansion
HSBC is strengthening its dealmaking team in Saudi Arabia with three senior hires, including a Goldman Sachs veteran, as it doubles down on
ING and MUFG Make Strategic Moves into Wealth Management and ASEAN Payments
ING agreed to buy a 40% stake in Spanish wealth manager Singular Bank, while MUFG signed an ASEAN payments partnership with JCB. Both moves
BofA Raises UBS Price Target to 50 Francs, Sees Fast EPS Growth Ahead
Bank of America raised its price target for UBS to 50 francs from 48 ahead of the bank's July 29 earnings. The firm sees rapid profit growth
Fitch Upgrades Five Chinese Mid-Tier Banks on Government Support Hopes
Fitch Ratings upgraded five Chinese mid-tier banks, saying it's more confident Beijing would step in if they faced trouble. The upgrades cou
Jio Credit Prices ₹10 Billion Bond at 7.78% Coupon in Busy Day for Top-Rated Indian Debt
Jio Credit, a non-bank lender backed by Reliance Industries, priced a ₹10 billion three-year bond at a 7.78% annual coupon on July 6. The de
ING to Acquire 40% Stake in Singular Bank, Expanding Spanish Wealth Management
ING, a Dutch lender, will acquire about 40% of Spain's Singular Bank from private equity firm Warburg Pincus. The deal, expected to close in
Indian Bank Stocks Rally on Strong Loan Growth, But Deposit Costs Loom
India's stock indexes edged up as HDFC Bank and Axis Bank posted solid June-quarter loan growth. Lower oil prices and steady foreign buying