Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Fifth Third Bancorp Q2 Profit Boosted by 48% Jump in Net Interest Income and Strong Fee Revenue
Fifth Third Bancorp posted strong second-quarter results, with net interest income climbing 48% to $2.22 billion. Fee-based businesses like
Regions Financial Profit Rises as Credit Loss Provisions Drop Sharply
Regions Financial posted a rise in second-quarter profit as provisions for credit losses dropped sharply. Net interest income edged up 1.4%
Indonesia's Central Bank Eases Bank Liquidity After Government Deposit Shift
Indonesia's central bank is smoothing bank liquidity after a brief government deposit shuffle tightened cash. The INDONIA overnight rate has
Monte Paschi Puts Banco BPM Merger Under Microscope, Flags Intesa's Low Premium
Banca Monte dei Paschi di Siena is digging deeper into Banco BPM's merger proposal, while also weighing a rival takeover offer from Intesa S
Columbia Financial Goes Fully Public With $1.67 Billion Share Sale and Northfield Bancorp Merger
Columbia Financial is converting from a mutual bank to a fully public company, issuing 167.2 million shares at $10 each. The move coincides
Danske Bank Lifts Profit Forecast After Strong Q2 Beat
Danske Bank posted a second-quarter net profit of 6.02 billion Danish crowns, beating analyst expectations. The bank raised its full-year pr
BofA Adjusts Sabadell Forecasts After TSB Sale, Sees Q2 Profit Boost
Bank of America revised its forecasts for Banco de Sabadell ahead of its July 24th earnings. The broker expects a strong Q2 profit of 739 mi
RBC Adjusts ABN Amro Forecasts as NIBC Deal Closing Shifts to August 1
RBC Capital Markets now expects ABN Amro's NIBC deal to close on August 1, later than previously modeled. The shift trims near-term earnings
US Bancorp and State Street Beat Q2 Revenue Estimates on Loan Growth and Fees
US Bancorp and State Street both beat second-quarter revenue estimates, showing strength in both lending income and fee income. US Bancorp r
US Bancorp Posts Record Revenue as Loan Growth and BTIG Deal Boost Fees
US Bancorp posted record quarterly revenue of $7.71 billion, up 10.1% from a year ago. Loan growth and a jump in capital markets fees from t
Citizens Financial Profit Rises 35% on Higher Loan Income and Surging Capital Markets Fees
Citizens Financial's second-quarter profit climbed to $587 million, driven by a 14% rise in net interest income and a 45.7% jump in capital
Avanza Bank's Strong First Half Faces Headwinds as Swedish Rates Ease
Avanza Bank posted a 26% jump in Q2 operating income, capping a strong first half. But Berenberg warns that falling Swedish short-term rates