Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
First Hawaiian to Buy TriCo Bancshares in All-Stock Deal, Creating $34B Regional Bank
First Hawaiian has agreed to buy California-based TriCo Bancshares in an all-stock deal. TriCo shareholders will receive 2.095 First Hawaiia
Big Banks Set for Best Dealmaking Quarter Since 2021 as Fees Surge
Wall Street's biggest banks are on track for their strongest dealmaking quarter in three years, with investment-banking fees expected to hit
Morgan Stanley Expects DNB Bank Q2 Profit to Beat Estimates Despite Credit Risks
Morgan Stanley forecasts DNB Bank will report Q2 net profit of 9.95 billion kroner, slightly above the 9.80 billion consensus. However, the
Big Banks Pilot AI Agents for Wealth Management, Compliance, and Trading
A KPMG survey reveals 51% of banks are piloting AI agents—software that can handle multi-step tasks like drafting client notes. Morgan Stanl
Italy's Banking M&A Heats Up as Intesa Eyes Monte dei Paschi and Consob Meets
Intesa Sanpaolo has hired JPMorgan to advise on a potential bid for Monte dei Paschi, adding to a wave of deal speculation in Italian bankin
Mastercard in Talks to Sell Majority Stake in UK Payments Firm Vocalink for £400M
Mastercard is reportedly in talks to sell a 51% stake in Vocalink, the company behind much of the UK's retail payment systems, for about £40
Australia Expands Consumer Data Right to Non-Bank Lenders, Boosting Transparency
Australia's competition watchdog has expanded the Consumer Data Right to non-bank lenders, requiring them to publish standardized product da
UBS Advice to Cut Private Credit Triggers Blue Owl Fund Outflows in Q4 2025
UBS urged some wealthy clients to trim their private credit holdings, sparking withdrawals from Blue Owl's Technology Income fund in Q4 2025
Goldman Sachs, Bank of America Tighten Rules on Employee Prediction Market Trading
Goldman Sachs and Bank of America are clarifying limits on employee trading in event contracts tied to politics and financial markets. The m
Circle's Bank Charter Approval Lifts Financial Stocks Premarket
Financial stocks edged higher before the open as Circle's OCC approval for a national trust bank drove a 12% premarket jump. The broader sec
UK Regulators to Oversee Microsoft, Google, Amazon, and Oracle Cloud Services from July 13
The UK is designating Microsoft, Google, Amazon, and Oracle as 'critical third parties' for their cloud services used by banks and financial
HSBC Tests Market for Hang Seng's Stressed Hong Kong Property Loans
HSBC is exploring the sale of some of Hang Seng Bank's most troubled Hong Kong commercial property loans. A discounted sale could set a benc