Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
UniCredit's Commerzbank Bid Ends with Low 12.5% Take-Up, Derivatives Loom
UniCredit's exchange offer for Commerzbank closed with only 12.5% of shares tendered, even after a two-week extension. The Italian bank alre
Deutsche Bank Jumps 6% on Postbank Labor Deal, Easing Integration Worries
Deutsche Bank shares jumped over 6% after securing a labor deal with Postbank unions, a key step in its integration. The agreement reduces u
Intesa Sanpaolo Completes Massive Cloud Migration of Core Banking Systems
Intesa Sanpaolo has migrated more than 800 core banking applications to Google Cloud, decommissioning an equal number of on-premises systems
UK Regulator Pauses £9.1 Billion Motor Finance Compensation Plan Amid Legal Challenges
The FCA has paused key parts of its proposed £9.1 billion motor finance compensation plan while legal challenges head to London's Upper Trib
DBS and Samsung Securities Sign Preliminary Deal for Cross-Border Wealth Partnership
DBS and Samsung Securities have signed a preliminary agreement to explore a cross-border wealth partnership. The deal aims to widen client a
Swiss Regulators Tighten Capital Rules on UBS After Credit Suisse Collapse
Swiss regulators are tightening capital rules for UBS after Credit Suisse's 2023 collapse. The SNB says UBS already has enough capital to me
UBS Plans Full-Service US Bank for Wealthy Clients by Mid-2027
Swiss banking giant UBS is preparing to offer checking, bill pay, and savings accounts to wealthy US clients. A December employee trial will
Bank Stocks Rally as RBC Forecasts 19% Core Earnings Growth for Q2
US bank stocks climbed after RBC Capital Markets forecast 19% core earnings growth for Q2, supported by higher interest income and a softer
HDB Financial Locks In 7.90% Coupon on ₹11.5 Billion Bond Sale
HDB Financial Services accepted ₹11.50 billion in bids for bonds maturing in just under three years, locking in a 7.90% coupon. The AAA-rate
KKR Explores Insurer Partnerships to Tap Europe's Pension Risk Transfer Market
KKR is in discussions with major UK life insurers about teaming up on pension risk transfer deals, according to the Financial Times. The pri
RBC Tweaks Santander Forecasts on Currency Shifts Ahead of July 22 Earnings
RBC Capital Markets has adjusted its forecasts for Banco Santander ahead of the bank's July 22 earnings, lifting its 2027 pretax profit esti
Private Credit's Public Scoreboard Flashes Yellow as 28 of 53 BDCs Post Losses
A Reuters analysis of 53 business development companies (BDCs) found 28 posted losses in Q1 2026, as loan writedowns and higher borrowing co