Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
NAB's HSBC Australia interest weighs on bank stocks
US financial stocks slipped in premarket trading after reports said National Australia Bank is weighing a deal for HSBC's Australian retail
Santander opens union talks on tech unit restructuring as automation accelerates
Santander has begun union talks in Spain over a restructuring of two internal tech units, Santander Digital Services and Gravity Cloud. The
JPMorgan's $8 trillion wealth unit names new operations chief
Julie Harris will retire from JPMorgan's $8 trillion wealth unit in early 2027, with deputy Fred Crosnier taking over operations on January
Uganda Raises Bank Reserve Requirement to 13.5% as Shilling Slips
Uganda's central bank is raising the cash reserve requirement for commercial banks to 13.5% from 11%, effective September 24, as the shillin
India's NaBFID races to raise $4 billion before cheap hedging window closes
India's state-run infrastructure lender NaBFID is rushing to raise about $4 billion overseas, starting with a debut 10-year dollar bond, to
Bank of Maharashtra tests dollar bond market with $500 million issue
India's state-run Bank of Maharashtra is marketing its first five-year dollar bond, aiming to raise up to $500 million. The deal uses the RB
BCB Bancorp raises $75M, plans $210M loan sales as new CEO cleans house
BCB Bancorp is raising $75 million in a stock offering and plans to sell about $210 million of problem loans. The New Jersey community bank'
UniCredit's Orcel pushes for new leadership at Commerzbank as Berlin watches
UniCredit is escalating its pursuit of Commerzbank, with CEO Andrea Orcel pushing for new leadership at the German lender. The move keeps Be
Bathla's collapse exposes risks in Australia's private credit boom
Australian builder Bathla Group has collapsed owing A$3 billion to private lenders and A$400 million to others. The failure is a stark remin
Truist sells $5.5B auto loan portfolio to streamline business
Truist Financial is selling $5.5 billion in auto loans, expecting $5.2 billion in net proceeds. The move marks a clean exit from near-prime
European banks shift $17.5B in corporate loan risk to investors
Big European lenders are offloading at least $17.5 billion in corporate loan risk via significant risk transfer deals. These structures let
Enova shares slide after abandoning Grasshopper Bank acquisition
Enova International shares fell after the lender pulled its applications to acquire Grasshopper Bancorp. The move signals the deal is off, l