Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Big US Banks Post Strong Quarter as Deal Fees Hit Highest Since 2021
Big US banks reported strong second-quarter results, with investment banking fees hitting their highest level since 2021. Mega IPOs and vola
Italy's Banking Deal Chatter Intensifies as Berlin and Rome Signal Openness
Germany's chancellor says Berlin won't block UniCredit's interest in Commerzbank, while Rome hints it's close to selling its 4.9% stake in M
Wall Street Banks Cash In on AI Infrastructure Funding Boom
Big US banks say the AI infrastructure buildout is fueling a sustained wave of stock offerings and large loans for data centers. This deal a
Citi's 45% Profit Surge Overshadowed by Cost Warning, Shares Drop 5%
Citigroup reported a 45% jump in second-quarter net income, but the market fixated on management's warning that costs will rise in the secon
Big Banks See Steady Consumer Spending Despite Rising Oil Prices and Inflation Uncertainty
Major US banks say household spending remains resilient, with credit card balances rising and delinquencies lower than expected. However, hi
Citi's Overhaul Pays Off: Best Quarterly Revenue in a Decade, RBC Says
Citigroup's second-quarter results beat expectations, with revenue jumping 14% year-on-year to $24.8 billion. RBC Capital Markets says the b
BNY Raises Full-Year Revenue Forecast After Record Quarterly Earnings
BNY Mellon reported record second-quarter revenue of $5.7 billion, driven by higher fee income from rising markets and trading activity. The
BofA Sees CaixaBank Earnings Staying Strong as Rate Tailwinds Fade
Bank of America Global Research raised its price target on CaixaBank to €14.20 ahead of its July 29 results. The bank sees earnings growing
Morgan Stanley's Deal Fees and Trading Surge Drive Strong Q2 Profit
Morgan Stanley's Q2 profit rose sharply as investment banking revenue hit $2.44 billion and equities trading surged 69%. The results reflect
BofA Raises Santander Price Target to €13.8, Warns Brazil Rates May Pinch Margins First
Bank of America raised its price target for Banco Santander to €13.8 from €11, expecting strong upcoming results. However, it cautioned that
HDB Financial Profit Surges 48% as Consumer Loans Drive Growth
HDB Financial Services posted a 48% rise in June-quarter net profit, driven by a 21% surge in consumer lending. Gross stage 3 loans edged do
MBK Chairman Offers $134 Million Personal Guarantee to Save Homeplus
MBK Partners' chairman is putting up $134 million of his own money to backstop Homeplus. The deal hinges on Meritz Financial Group's board a