Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
UniCredit's Orcel pushes to replace Commerzbank's CEO and chairman
UniCredit's Andrea Orcel is pressing Commerzbank to replace its CEO and chairman, signaling a push for control. Germany wants to keep two su
KKR quietly doubles private credit deal volume to $80B in first half
KKR has quietly doubled its private credit deal machine, structuring or syndicating over $80 billion in investment-grade financings in the f
Goldman Sachs raises $11.7B for private equity, flagship fund at $9.6B
Goldman Sachs raised $11.7 billion for its private equity funds, with $9.6 billion going to its flagship buyout fund. Over a third of that f
Enova abandons Grasshopper Bancorp deal, shares slide 17.5%
Enova International pulled its regulatory filings for the planned purchase of Grasshopper Bancorp, saying it doesn't need bank status to hit
India weighs 0.4% UPI fee on large merchant payments
India's payments regulator is exploring a 0.4% fee on UPI merchant transactions over 2,000 rupees. The move could create a new revenue strea
Credit Agricole cools on MPS's Banco BPM takeover bid
Credit Agricole, Banco BPM's largest investor, is reportedly unimpressed with Monte dei Paschi's takeover bid. The French bank prefers a mer
NZ watchdog: banks pass on rate hikes to borrowers, not savers
New Zealand's financial watchdog says banks quickly passed on the central bank's latest rate hike to floating mortgage borrowers, but many s
HDFC Bank begins CEO search as Nifty looks to end five-week losing streak
Indian stocks are expected to open higher after five straight weekly declines, but caution remains. HDFC Bank has started its CEO succession
CBA staff petition for 5% raises, call bank's pay offer 'dismal'
Over 3,000 Commonwealth Bank staff have signed a union-backed petition for 5% annual pay rises, saying the bank's current offer would leave
CVC and JC Flowers team up to bid for UK lender Aldermore
Private equity firms CVC Capital Partners and JC Flowers have joined forces to bid for Aldermore, following FirstRand's decision to sell its
Bank of America sees deal fees drop again as trading holds steady
Bank of America's CEO says dealmaking fees will keep sliding this quarter, with investment banking revenue expected between $1.6 and $1.8 bi
WesBanco's Florida and Nashville push could steady margins near 3.60%
WesBanco is counting on its newer Florida and Nashville markets to fuel growth. RBC expects the bank's net interest margin to stay near 3.60