Credit ratings agency Moody's said on Wednesday it had affirmed Italian bank Monte dei Paschi di Siena's (MPS) Ba2 deposit and B1 senior unsecured debt ratings and changed the outlook to positive from stable amid a restructuring.
Portugal's fourth-largest bank, Novo Banco, reported on Friday a 4% rise in first-quarter net profit, benefiting from higher interest rates and strict cost controls, which allowed it to further boost its capital ratios.
Portugal's fourth-largest bank, Novo Banco, reported a 4% rise in first-quarter net profit on Friday and CEO Mark Bourke said the lender still plans to launch an IPO once banking sector turmoil subsides.
Credit Suisse Group AG bondholders, representing $4.5 billion of wiped-out bonds of the company, have filed a lawsuit against Switzerland's banking regulator, the Financial Times reported on Friday. (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Savio D'Souza)
China's biggest banks are planning at least 40 billion yuan ($5.8 billion) of bond sales to plug a major fund shortfall ahead of a 2025 deadline to meet global capital requirements, Bloomberg News reported on Friday.