Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Morgan Stanley banker's email slip exposes Asia deal pipeline
A senior Morgan Stanley banker in Asia accidentally attached an internal deal pipeline to a client email, revealing about 60 live IPO, M&A,
Equitas Small Finance Bank raises ₹500 crore via 10-year bonds at 9.95%
Equitas Small Finance Bank raised ₹500 crore by selling 10-year bonds at a 9.95% coupon, with a call option after five years. The deal, rate
Morgan Stanley scrambles after leaked deal list exposes Asia IPO plans
A Morgan Stanley banker mistakenly emailed clients a list of 100-plus deals, including potential IPOs across Asia. The leak highlights the r
India's insurance commission caps proposal hits bank and insurer stocks
India's insurance regulator has proposed reintroducing commission caps and banning lenders from forcing insurance on borrowers, a move that
PZU seeks simpler merger path after Pekao deal hits veto risk
PZU is looking for a simpler way to reshape itself after its preferred merger with Pekao hit political hurdles. The insurer may pursue a rou
HSBC to relaunch India retail stockbroking after 12-year absence
HSBC is rebuilding its equities platform and plans to relaunch retail stockbroking in India in the coming months, more than a decade after e
RBI uses $10B FX swaps to drain rupees, lifting forward rates
The Reserve Bank of India has quietly drained at least $10 billion from the banking system using dollar-rupee swaps over the past two weeks.
Italy's Budget Pledge and Monte dei Paschi Fight Put Banks in Spotlight
Rome promises to keep its budget deficit under the EU's 3% ceiling, while a takeover battle over Monte dei Paschi di Siena puts Italy's bank
UK's biggest banks test tokenized deposits for mortgage deals
Three of the UK's largest banks have completed mortgage and remortgage transactions using tokenized deposits on a shared blockchain network.
Saratoga Investment Adds $20 Million to Its 8.00% Notes Due 2031
Saratoga Investment, a business development company, is adding $20.08 million to its existing 8.00% unsecured notes due 2031. The new bonds
MPS seeks shareholder nod for defense plan despite Intesa bid
MPS CEO Luigi Lovaglio wants shareholders to approve the bank's defense plan on October 29, even if they later accept Intesa Sanpaolo's €36
UBS says Swiss capital plan could add $16 billion to its buffer
UBS is pushing back against a Swiss proposal that would require it to hold about $16 billion more in top-quality capital for its foreign uni