Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Nubank and Monzo in Early Talks Over £8–10 Billion Deal
Nubank and Monzo are in early-stage talks over a deal that would value the UK digital bank at £8–10 billion, according to Sky News. Monzo is
Daiwa Living locks in rates on ¥3.6B loans via swaps
Daiwa Securities Living Investment has locked in interest costs on ¥3.6 billion of floating-rate loans using interest-rate swaps. The move s
Swiss finance minister doubts UBS will leave over capital rules
Switzerland's finance minister says UBS is unlikely to relocate despite new capital rules that could force the bank to hold $18 billion more
Nubank in early talks to buy UK digital bank Monzo
Brazil's Nubank is in early talks with UK digital bank Monzo about a possible tie-up, Sky News reports. The deal could value Monzo at £8-10
Fed weighs raising big-bank asset threshold to near $1 trillion
The Fed is considering raising the asset thresholds that trigger its toughest bank oversight, potentially to near $1 trillion. That could ea
Awa Bank cuts Awagin Connect stake to 50% as broadcaster joins fintech venture
Awa Bank is selling a stake in its fintech arm to Shikoku Broadcasting, cutting its ownership to 50%. The partnership, effective Nov. 2, aim
IAG settles Credit Suisse's Greensill lawsuit for A$2.8B
Insurance Australia Group has agreed to settle Credit Suisse's lawsuit tied to collapsed supply-chain lender Greensill Capital. The deal cov
Revolut Cleared to Buy Argentine Bank, Rebrand as Revolut Bank Argentina
Revolut has secured approval from Argentina's central bank to acquire Banco Cetelem from BNP Paribas Personal Finance. The fintech will rebr
Swiss lawmakers push UBS to hold more capital for foreign units
Swiss lawmakers voted to require UBS to back its foreign units with 90% high-quality capital, up from 60%. The move aims to reduce risks aft
HSBC cuts $26,000 Hong Kong club perk to fund better insurance
HSBC is scrapping a Hong Kong perk worth up to $26,000 that helped mid-level and senior bankers pay half a private members' club joining fee
UniCredit and Credit Agricole weigh splitting up Banco BPM
UniCredit and Credit Agricole are discussing a breakup of Banco BPM, with Credit Agricole potentially taking about a third. The plan, floate
Banks arrange £3.6bn debt for DCC Energy buyout as watchdog probe looms
Goldman Sachs, Morgan Stanley, and other banks are arranging £3.6 billion of financing for KKR and Energy Capital Partners' £5.7 billion tak