Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Fed Minutes and Rising Yields Pressure Financial Stocks
The release of Fed minutes sent 10-year Treasury yields to 4.58% and increased rate-hike expectations, causing financial stocks to fall. Hig
Truist's External CEO Hire Prompts BofA Downgrade, Signaling Strategy Stumbles
Bank of America Securities downgraded Truist Financial to neutral after the bank named external candidate Mike Lyons as its next CEO. The an
Santander Cuts Perks, Replaces Beijing Chief; Shares Fall 3% Premarket
Banco Santander shares dropped over 3% premarket after a report revealed the bank cut perks, tightened oversight, and replaced its top Beiji
BofA Sees Julius Baer Client Inflows Rebounding as Swiss Regulator Probe Ends
Bank of America expects Julius Baer's net new money to improve through 2026 as a Swiss regulator probe ends. The bank raised its price targe
RBC Downgrades AIB: Rate Cut Risks and Reserve Hikes Threaten Profit Growth
RBC Capital Markets downgraded AIB Group to underperform, warning that its valuation looks stretched. The bank faces headwinds from expected
UniCredit Builds 47.6% Stake in Commerzbank After Tender Offer Falls Short
UniCredit has amassed a 47.6% stake in Germany's Commerzbank after its tender offer attracted only 17.6% of shares. The Italian bank's move
Santander Tightens Asia-Pacific Oversight, Replaces Beijing Chief in Governance Shake-Up
Santander is tightening oversight across its Asia-Pacific business, including replacing its top banker in Beijing. The move reflects a broad
Morgan Stanley Expands Netwealth's Role in Australian Wealth Business
Morgan Stanley is expanding Netwealth's role in its Australian wealth operations, bringing the platform's ASX trading and iHIN features to a
HSBC Expands Hong Kong Gold Vault to 200 Tons, Targets 25% of Bullion Trade
HSBC is expanding its Hong Kong gold vault capacity to 200 tons as it targets a 20-25% share of the city's growing bullion trade. The move s
National Bank of Canada Expands West with Truvera Trust Acquisition
National Bank of Canada is acquiring Truvera Trust through its Natcan Trust subsidiary, aiming to expand estate and trust services in Wester
Deutsche Bank's Q2 Earnings Preview: Costs Weigh, but Buyback and Higher NII Target Could Shift Focus
Deutsche Bank reports Q2 earnings on July 24, with analysts expecting higher costs to weigh on profit. But the focus may shift to a potentia
Truist Faces Murkier Outlook as New CEO Takes Over, UBS Downgrades
UBS cut its rating on Truist Financial to neutral, pointing to leadership turnover risk and an uncertain interest-rate path. The downgrade c