Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Abu Dhabi Islamic Bank raises 2026 financing growth target to 18%-20%
Abu Dhabi Islamic Bank raised its 2026 financing growth target to 18%-20% after Q2 net income rose 8.4% to 1.9 billion dirhams. United Secur
Maybank to Buy Out Ageas, Take Full Control of Etiqa Insurance
Malaysia's largest bank, Maybank, is buying out Belgian insurer Ageas to take full control of its Etiqa insurance and takaful arm. The 4.8 b
Nigeria's Insurance Recapitalization: 43 Firms Meet New Capital Rules
Nigeria's insurance regulator says 43 insurers and reinsurers met tougher minimum capital rules by the July 31 deadline, with eight more sti
Lloyds' new strategy lifts Berenberg's profit forecasts
Berenberg lifted its 2026-28 earnings forecasts for Lloyds after the bank's new strategy and strong second quarter. The broker also points t
ING lifts revenue targets, RBC raises price target to €32
ING raised its 2026-27 revenue targets after strong results, and RBC responded by lifting its price target to €32 and penciling in bigger bu
Banco BPM walks away from Monte dei Paschi merger as Italy tightens border checks
Banco BPM has dropped its pursuit of a merger with Banca Monte dei Paschi di Siena, ending months of speculation. Meanwhile, Italy has tempo
Monte Paschi weighs Banco BPM bid to block Intesa's banking ambitions
Banca Monte dei Paschi di Siena is exploring a takeover of Banco BPM to block larger rival Intesa Sanpaolo, according to the Financial Times
Emirates NBD to buy HSBC Egypt's retail arm in $300M gain deal
Emirates NBD is acquiring HSBC Egypt's retail banking portfolio, including branches and customers. HSBC expects a $300 million pre-tax gain,
Scotiabank's AI agents log 14M actions as staff adoption grows
Scotiabank is rolling out AI 'knowledge agents' across its workforce, with 71,000 staff using the platform and 14 million actions logged. Th
SBI's AT-1 bond sale draws strong demand, may spur other banks
State Bank of India's AT-1 bond sale drew bids exceeding 60 billion rupees, signaling robust investor appetite. The success may prompt other
RBC lifts Intesa Sanpaolo target after bank raises 2026 profit goal
RBC Capital Markets raised its price target for Intesa Sanpaolo to €7.25 from €7.00 after the Italian lender lifted its 2026 net income goal
Kyoto Financial Group's Q1 Profit Jumps 56% on Strong Lending
Kyoto Financial Group posted a 55.8% surge in first-quarter profit to ¥20.3 billion, with earnings per share climbing to ¥71.49. The regiona