Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Sundaram Home Finance raises ₹510 crore via AAA-rated 5-year bonds
Sundaram Home Finance raised ₹510 crore through five-year bonds at an 8.09% annual coupon. The AAA-rated deal landed in a busy week for Indi
FirstRand sets aside another £518m for UK motor finance redress
FirstRand has added another £518.4 million to its provisions for possible UK motor finance compensation. The bank kept its capital ratio at
Chime's $590M Stride Deal Brings Bank Charter In-House
Chime is buying its longtime bank partner Stride for $590 million, a deal that gives the fintech its own national bank charter. The move cou
Maybank raises $700M in US dollar bonds to diversify funding
Malayan Banking raised $700 million by selling three- and five-year US dollar bonds. The deal diversifies funding and signals confidence in
Morgan Stanley upgrades M&T Bank to overweight, raises target to $304
Morgan Stanley upgraded M&T Bank to overweight and raised its price target to $304, even as the NYSE Financial Index fell 0.8%. The move sig
Swedbank's price target cut as 2027 profit goal slips to 2028
AlphaValue/Baader Europe has cut its price target on Swedbank to 312 kronor and now expects the bank to hit its 15% 2027 return target a yea
WaFd and EverBank to merge in $3.9B reverse deal, keeping EverBank name
Washington Federal (WaFd) and EverBank Financial are merging in a $3.9 billion reverse merger. The combined lender will use the EverBank nam
China's state capital injections to boost ICBC and ABC capital buffers
China is preparing to inject fresh state capital into major banks and insurers. Fitch says the move could lift ICBC and ABC's core capital r
Philippine banks can weather doubled bad loans, S&P says
S&P Global Ratings says Philippine banks can handle a sharp rise in bad loans, even if nonperforming loans double, without breaching capital
Intesa sees MPS deal payoff mostly arriving in 2029
Intesa Sanpaolo says the benefits from its €35.7 billion bid for Monte dei Paschi di Siena will take time, with most of the €2.9 billion pre
China injects $8B into insurers as state banks raise capital
China's finance ministry is injecting 57 billion yuan ($8 billion) into three state-owned insurers, while major state banks line up A-share
Jefferies-linked fund seeks to freeze $499M tied to iron ore trader
LAM Trade Finance Group II, linked to Jefferies, is seeking to freeze up to $499 million in assets tied to iron ore trader Radiant World. Th