Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Power Finance Corp Returns to Dollar Bond Market with $300M Issue Under RBI Hedging Scheme
India's Power Finance Corp is issuing another $300 million US dollar bond, this time a three-year note priced at 110 basis points over SOFR.
BNY Raises Full-Year Revenue Forecast After Record Quarterly Earnings
BNY posted record quarterly revenue of $5.7 billion, up 13%, driven by stronger fees and net interest income. The custodian bank raised its
M&T Bank's Q2 Profit Rises as Higher Rates Boost Lending Spread
M&T Bank's second-quarter profit rose as higher interest rates kept its lending spread wide. Net interest income increased 4.6% to $1.79 bil
JPMorgan to Hire 30 Senior Bankers in EMEA as Part of $1.5 Trillion National Security Plan
JPMorgan is hiring 30 senior bankers across EMEA to boost its corporate banking business. The move is linked to a $1.5 trillion national sec
RBC Expects Commerzbank to Reaffirm 2026 Targets Amid UniCredit Stake and Buyback Hopes
RBC Capital Markets expects Commerzbank to reaffirm its 2026 targets when it reports second-quarter results on August 6. Analysts see net in
SEB Q2 Profit Beats Forecasts as Corporate Activity Boosts Lending and Fees
SEB kicked off Nordic bank earnings with a Q2 profit beat, driven by strong corporate lending and deal-making. However, a raised cost target
Handelsbanken Q2 Profit Misses Forecasts as Interest Income Drops 7%
Handelsbanken's Q2 net profit fell 5% year-on-year to 5.23 billion crowns, missing analyst forecasts. Net interest income dropped 7% to 10.0
Tata Capital Returns to Dollar Bond Market with $400-600 Million Note Offering
Tata Capital, an Indian non-bank lender, is returning to the dollar bond market with a 3.5-year note expected to raise $400-600 million. Ini
DBS Targets S$1 Trillion in Wealth Assets by 2030 with AI and Hiring Push
DBS, Singapore's largest bank, aims to grow its wealth assets under management to S$1 trillion by 2030. The plan relies on artificial intell
UK Banks Face Wait for Anthropic's Cybersecurity AI, Sparking Push for Homegrown Tech
UK banks want access to Anthropic's cybersecurity AI model, Mythos, but most remain on a waiting list. A government-appointed adviser says t
AI Infrastructure Boom Drives Steady Deal Flow for Wall Street Banks
Wall Street's largest banks say the AI infrastructure build-out is generating a steady stream of IPOs, debt deals, and data center financing
Wall Street Banks Surge on IPO and M&A Boom in Q2
Wall Street's biggest banks saw a strong second quarter as blockbuster IPOs and a pickup in M&A lifted deal fees. The nearly $86 billion Spa