Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Westpac Director Resigns Over KPMG Ties Amid Auditor Scandal
Westpac director Peter Nash is leaving the board after questions about his past senior roles at KPMG, the bank's auditor. The resignation co
ING Spain Nears Deal to Acquire 40% Stake in Wealth Manager Singular Bank
ING Spain is closing in on a deal to buy 40% of Singular Bank, a wealth manager with €18 billion in assets. The move could see private equit
Taiwan Regulator Launches On-Site Probe at Cathay Fund Unit Over Alchip Conflict
Taiwan's financial regulator has begun an on-site inspection of Cathay Financial Holding after a top executive quit over a possible conflict
NatWest's RBS Unit Faces £249M High Court Claim Over Rockfire Payments
Liquidators for two Rockfire firms are suing NatWest's Royal Bank of Scotland unit in London's High Court, claiming £249 million plus intere
New Zealand's Credit Picture Brightens as Arrears Hit Four-Year Low
New Zealand's credit bureau Centrix says borrowers are looking steadier: June consumer credit demand fell 5.3% year over year, while the sha
JPMorgan's 15% Sable Offshore Loan Cut to $675 Million as Demand Falters
JPMorgan Chase has cut Sable Offshore's loan to $675 million after weak demand, even with a 15% coupon. The deal also includes a $400 millio
Deutsche Bank Sells India Retail and Wealth Business to Kotak Mahindra
Deutsche Bank is selling its retail banking and wealth management business in India to Kotak Mahindra Bank. The deal is part of a broader pa
Lloyds, BMO, HSBC Take Divergent Paths: Pensions, Australia Deal, Turkey Sale
Lloyds is doubling down on workplace pensions through 2030, BMO agreed to acquire Euroz Hartleys’ Australian capital markets business, and H
RBI Warns AI Cyber Threats Top Risk List as India's Bad Loans Stay Below 2%
The Reserve Bank of India's stress tests show bad loans staying below 2% through 2028, but a survey of banks ranks AI-powered cyber threats
Lloyds Banking Group Pivots to Workplace Pensions to Stabilize Wealth Unit
Lloyds Banking Group is shifting its wealth management strategy toward workplace pensions to create a more stable revenue stream. The five-y
Standard Chartered Taps Margaret Harwood-Jones as New Europe and UK CEO
Standard Chartered has created a new Europe and UK CEO role, appointing Margaret Harwood-Jones to drive fee-based growth in cross-border ban
Europe's Biggest Banks Push Back Against EU Stock Market Overhaul
Europe's biggest banks are urging EU regulators not to overhaul stock trading rules, arguing that the shift to off-exchange trading hasn't b