Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Merrill Lynch to Pay $39 Million Over Low-Yield Cash Sweeps
Bank of America's Merrill Lynch unit will pay $39 million to settle claims that it swept retirement account cash into low-yield deposits, pa
TD Bank plans C$10B buyback, up to 61M shares by 2027
TD Bank wants to buy back up to C$10 billion of its own stock, potentially retiring 61 million shares by July 2027. The move would shrink it
Metrics Credit Freezes Redemptions as KPMG Disputes Valuations
Metrics Credit Partners has frozen redemptions and delayed results for three listed funds after auditor KPMG wouldn't sign off accounts. The
Goldman's $18.2B Private Credit Fund Sees Redemption Requests Cool to 2%
Goldman Sachs' $18.2 billion GS Credit fund saw redemption requests fall to 2% in its third-quarter tender offer, down from 3.2% the prior q
Goldman's $18.2B Private Credit Fund Sees Redemption Requests Cool to 2%
Investors asked to pull just 2% of shares from Goldman Sachs' $18.2 billion private credit fund in the latest tender offer, down from 3.2% l
Berlin demands written job and Frankfurt guarantees from UniCredit
Germany is pressing UniCredit CEO Andrea Orcel to put promises on jobs, Frankfurt decision-making, and lending to the Mittelstand into writi
FINMA closes Julius Baer case, halves extra capital buffer
FINMA has ended its enforcement case against Julius Baer and cut the bank's extra capital buffer in half. The move removes a major overhang
UniCredit pushes for Commerzbank board shake-up as Orcel eyes January EGM
UniCredit is preparing to use its near-50% stake in Commerzbank to force a rapid board shake-up, possibly via an extraordinary general meeti
Close Brothers tops profit forecasts as motor finance costs mount
Close Brothers posted £120.3 million in adjusted operating profit for FY2026, beating forecasts, but continues to cut jobs as it absorbs UK
Swiss Upper House Vote Pushes UBS Toward Stricter Capital Rules
Swiss Upper House lawmakers have pushed UBS toward a stricter capital framework, with RBC modeling a 90% CET1 base case. The move pressures
Goldman board weighs Waldron as CEO, Solomon as chairman
Goldman Sachs' board is reportedly discussing a leadership transition that could see COO John Waldron become CEO as soon as next year, with
Citi Weighs $3 Billion IPO for Mexico's Banamex
Citigroup is reportedly preparing a roughly $3 billion IPO of its Mexican banking unit Banamex, aiming for a possible January listing in Mex