Private Credit and Bank Competition for Deals Poses Risks, Fed Says
The continued competition between banks and direct lenders to win deals could compromise underwriting standards in transactions, researchers at the Federal Reserve wrote in a note Friday.

Bank CEOs celebrate pay raises while junior bankers face another year of stingy bonuses
Citibank chief Jane Fraser received a 6% pay bump, to $26 million, while its bonus pool tumbled about 20% in 2023, according to Financial News London.

Goldman Sachs downgrades SBI, ICICI Bank, Yes Bank; upgrades Bajaj Finance and reiterates buy on HDFC Bank. Check detail
Goldman Sach analysts said that the earnings of financial sector are facing multiple challenges ahead and thereby they have cut the earnings estimates across companies in their coverage universe by 5% and 2% on an average over FY25 and FY26 respectively .

LPL Wins $16 Billion Regional Bank Customer for Institutional Business
All told, about 85 financial advisors and $16 billion of assets will move to LPL’s platform.

The Bank of England risks pushing Britain into a depression
The world’s most powerful banks are losing faith in the macroeconomic judgment of the Bank of England. A disturbing number think the Monetary Policy Committee has misread global events and is tightening too hard, risking a deep and protracted downturn.

Millions of British pensioners face bank account inspections
Pensioners could have their bank accounts inspected by the Government under new powers being considered to thwart benefit fraud.

U.S. charges head of Russian bank with sanctions evasion, arrests 2 others
The long-time president and chairman of a state-owned Russian bank was indicted in New York for allegedly evading U.S. law by owning and controlling assets including two superyachts and a luxury home in Aspen

Judge Denies Trump’s Attempt to Delay Paying Massive Bank Fraud Fine
“You have failed to explain, much less justify, any basis for a stay,” Manhattan Supreme Court Justice Arthur Engoron wrote Thursday.

Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
Fed wants more evidence that inflation is heading toward 2% target