Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
HSBC Bolsters Saudi Deal Team with Three Senior Hires Amid Gulf Expansion
HSBC is strengthening its dealmaking team in Saudi Arabia with three senior hires, including a Goldman Sachs veteran, as it doubles down on
ING and MUFG Make Strategic Moves into Wealth Management and ASEAN Payments
ING agreed to buy a 40% stake in Spanish wealth manager Singular Bank, while MUFG signed an ASEAN payments partnership with JCB. Both moves
BofA Raises UBS Price Target to 50 Francs, Sees Fast EPS Growth Ahead
Bank of America raised its price target for UBS to 50 francs from 48 ahead of the bank's July 29 earnings. The firm sees rapid profit growth
Fitch Upgrades Five Chinese Mid-Tier Banks on Government Support Hopes
Fitch Ratings upgraded five Chinese mid-tier banks, saying it's more confident Beijing would step in if they faced trouble. The upgrades cou
Jio Credit Prices ₹10 Billion Bond at 7.78% Coupon in Busy Day for Top-Rated Indian Debt
Jio Credit, a non-bank lender backed by Reliance Industries, priced a ₹10 billion three-year bond at a 7.78% annual coupon on July 6. The de
ING to Acquire 40% Stake in Singular Bank, Expanding Spanish Wealth Management
ING, a Dutch lender, will acquire about 40% of Spain's Singular Bank from private equity firm Warburg Pincus. The deal, expected to close in
Indian Bank Stocks Rally on Strong Loan Growth, But Deposit Costs Loom
India's stock indexes edged up as HDFC Bank and Axis Bank posted solid June-quarter loan growth. Lower oil prices and steady foreign buying
HSBC and Standard Chartered Explore SRT Deals to Offload Loan Risk to Investors
HSBC and Standard Chartered are in talks with investors about significant risk transfer (SRT) deals. HSBC is looking at an Asia-Pacific loan
Credit Agricole Boosts Banco BPM Stake to 29.3%, Nears Control Threshold
Credit Agricole has increased its stake in Banco BPM to 29.3%, surpassing the 25% influence mark. The move signals a strategic position that
Bajaj Finance Raises ₹53 Billion in AAA-Rated Dual-Tranche Bond Sale
Bajaj Finance raised 53.05 billion rupees through a dual-tranche bond issue, accepting 40 billion rupees in 3-year-3-month notes at 7.70% an
Standard Chartered and HSBC Pursue SRT Deals to Offload Loan Risk
Standard Chartered is considering a $2 billion hedge, and HSBC is in talks for a multi-market portfolio deal expected to close in 2026. Thes
Fitch Predicts Hong Kong Banks' CRE Loan Pressure Will Ease by Late 2026
Fitch Ratings forecasts that pressure on Hong Kong banks from commercial real estate loans will ease in the second half of 2026. However, th