Struggling to find their way amid an ongoing economic-data blackout and renewed trade-war tensions between the U.S. and China, investors already had enough to worry about this week. Then a regional ...

Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts' ...

The Financial Accounting Standards Board published an accounting standards update Wednesday with optional guidance on the measurement of credit losses for accounts receivable and contract assets.

Freddie Mac’s 2025 net income declined 10% to $10.7B on $23.3B in revenue, with higher credit losses and lower noninterest income impacting results. AI Summary Freddie Mac on Thursday reported ...

The environment that created private credit has reversed: rates are elevated, refinancing is harder, and signs of stress are ...

Morgan Stanley and other globally systemically important banks in the U.S. are allocating significant provisions for credit losses. The United States’ eight globally systemically important banks have ...

Climate-driven foreclosures could result in $1.21 billion in bank losses this year, or 6.7% of all foreclosure credit losses, according to a new report. If lenders start factoring climate into their ...

FASB published a proposed Accounting Standards Update (ASU) on the measurement of credit losses for accounts receivable and contract assets for private companies and certain not-for-profit entities.

Does existing guidance on current expected credit loss (CECL) apply to not-for-profit organizations (NFPs)? The answer depends on the types of financial assets an NFP holds. FASB Accounting Standards ...

With 65% equity cushions and 10-year lockups, Wall Street's 'anti-banks' won't face a 'Lehman moment' Private credit is better prepared than traditional banks to withstand shocks. Rising redemption ...

PNC Financial Services Group, Inc. (NYSE:PNC) reported fourth-quarter revenue increase of 4% year-over-year to $5.57 billion, beating the consensus of $5.50 billion. Revenue growth was led by higher ...

MUMBAI, April 27 (Reuters) - The Reserve Bank of India on Monday issues final rules for asset classification and provisioning by lenders, after a draft set of proposals was issued in October last year ...