Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Macquarie Faces Shareholder Vote on Fossil Fuel Financing at AGM
Macquarie Group heads into a shareholder vote at its annual general meeting on Thursday. More than 160 investors, including major pension fu
Macquarie Taps Greg Ward as CEO Successor as Wikramanayake Steps Down After Eight-Year Transformation
Macquarie Group has chosen Greg Ward to replace Shemara Wikramanayake as CEO, effective November 6th. Wikramanayake spent nearly eight years
BNP Paribas Italy Unions Demand Job Guarantees Ahead of November Strategy Overhaul
Labor representatives at BNP Paribas Italy are calling for job guarantees to be included in the bank's upcoming November strategy. The push
IndusInd Bank Profit Jumps 47% as Deposit Costs and Bad Loan Provisions Fall
IndusInd Bank's net profit surged to 10.03 billion rupees in the June quarter, up from 6.84 billion a year earlier. The improvement came as
FAB Securities Maintains Positive View on Bank Albilad After Steady Q2 Profit Growth
FAB Securities reaffirmed its outlook on Saudi lender Bank Albilad after second-quarter profit edged up 3.4% and net advances jumped 15.3%.
EFG Shares Dip as Latin America Growth Fails to Lift Profit Above Expectations
EFG International shares slipped after first-half profit growth fell short of expectations, even as assets under management rose 6.5% to CHF
Japan Taps JPMorgan, US Banks to Finance $550 Billion Investment Pledge
Japan is turning to JPMorgan Chase and other US banks to help finance its $550 billion US investment commitment, after only about $2.2 billi
Goldman Sachs Merges Private Investing Teams for Wealthy Clients
Goldman Sachs is merging two private-investing teams into one platform for wealthy clients. The move aims to simplify access to private comp
Goldman Sachs Opens Private Markets Platform for Wealthy Clients
Goldman Sachs is rolling out a platform for wealthy clients and family offices to invest directly in fast-growing private companies. The mov
Bank Aljazira Q2 Profit Rises to SAR 442.8 Million on Higher Financing Income
Bank Aljazira posted a Q2 net profit of SAR 442.8 million as operating income climbed to SAR 1,215.9 million. The Saudi lender benefited fro
KeyCorp Q2 Profit Rises 22% as Loan Growth Boosts Net Interest Income
KeyCorp's second-quarter profit jumped 22% to $472 million, fueled by a 9.4% increase in net interest income as average loans grew to $110.1
Metro Bank in Early Talks for £2 Billion Aldermore Tie-Up Amid Motor Finance Scandal
Metro Bank is exploring a £2 billion deal for Aldermore, according to Sky News. The talks are early, and Aldermore's owner FirstRand is sell