Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
BNP Paribas Beats Q2 Profit Forecasts on Record Equity Trading, Integration Costs Loom
BNP Paribas beat second-quarter profit expectations as equity trading revenue hit a record. However, rising costs from integrating AXA Inves
UniCredit Boosts Commerzbank Stake to 48%, Seeks Talks with Berlin and Unions
UniCredit has increased its stake in Commerzbank to 48% and canceled a €4.75 billion buyback. CEO Andrea Orcel now seeks talks with Berlin a
Bankinter Q2 Profit Beats Forecasts as Fee Income Surges 23%
Bankinter's second-quarter profit of €315 million beat expectations, driven by a 23% surge in fee income and resilient lending earnings. The
Macquarie Asset Management Profit Drops Despite Record AU$748 Billion in Assets
Macquarie Asset Management's profit contribution fell year over year in the June quarter after the sale of its public investments business.
Macquarie Faces Shareholder Vote on Fossil Fuel Financing at AGM
Macquarie Group heads into a shareholder vote at its annual general meeting on Thursday. More than 160 investors, including major pension fu
Macquarie Taps Greg Ward as CEO Successor as Wikramanayake Steps Down After Eight-Year Transformation
Macquarie Group has chosen Greg Ward to replace Shemara Wikramanayake as CEO, effective November 6th. Wikramanayake spent nearly eight years
BNP Paribas Italy Unions Demand Job Guarantees Ahead of November Strategy Overhaul
Labor representatives at BNP Paribas Italy are calling for job guarantees to be included in the bank's upcoming November strategy. The push
IndusInd Bank Profit Jumps 47% as Deposit Costs and Bad Loan Provisions Fall
IndusInd Bank's net profit surged to 10.03 billion rupees in the June quarter, up from 6.84 billion a year earlier. The improvement came as
FAB Securities Maintains Positive View on Bank Albilad After Steady Q2 Profit Growth
FAB Securities reaffirmed its outlook on Saudi lender Bank Albilad after second-quarter profit edged up 3.4% and net advances jumped 15.3%.
EFG Shares Dip as Latin America Growth Fails to Lift Profit Above Expectations
EFG International shares slipped after first-half profit growth fell short of expectations, even as assets under management rose 6.5% to CHF
Japan Taps JPMorgan, US Banks to Finance $550 Billion Investment Pledge
Japan is turning to JPMorgan Chase and other US banks to help finance its $550 billion US investment commitment, after only about $2.2 billi
Goldman Sachs Merges Private Investing Teams for Wealthy Clients
Goldman Sachs is merging two private-investing teams into one platform for wealthy clients. The move aims to simplify access to private comp