WASHINGTON (AP) — The U.S. is moving to sever a small Swiss bank from access to the U.S. financial system for its alleged support for Iranian and Russian actors, as U.S. and Iranian officials hold indirect talks Thursday in Geneva over Tehran’s nuclear negotiations. Treasury’s Financial Crimes Enforcement Network proposed a federal regulation Thursday that, if finalized, would prohibit U.S. institutions from doing business with MBaer Merchant Bank AG, which has no relation to the larger Swiss bank Julius ...

A bench comprising justices Dipankar Datta and Augustine George Masih held that there is no statutory bar under the "The Judge is not to innovate at pleasure. He is not a knight errant roaming at will in pursuit of his own ideal of beauty or of goodness," Justice Datta wrote in the opening of the 47-page judgment. "Thus, whilst approving that the IBC is not a recovery proceeding, we negate the contention that CIRP can be prohibited against a guarantor or co-borrower only on that ground."It seems prudent th ...

Financial Data and Key Metrics Changes - The bank reported record earnings of CAD 4.2 billion and EPS of CAD 2.44, resulting in an ROE of 14.2%, up 100 basis points year-over-year [5][75] - Total Bank PTPP increased by 19% year-over-year, with revenue growing 11% year-over-year [22] - The CET1 ratio was 14.5%, with strong organic capital accretion during the quarter [6][32] Business Line Data and Key Metrics Changes - Canadian Personal and Commercial Banking achieved record revenue, PTPP, earnings, deposits, and loan volumes, with average deposits rising 3% year-over-year [24] - In U.S. Banking, year-over-year earnings increased by 22%, with core loans growing by 2% [26] - Wealth management and insurance delivered record earnings and assets, with ETF assets surpassing CAD 31 billion [29][30] Market Data and Key Metrics Changes - Impaired PCLs increased, reflecting a small number of borrowers across various industries, with gross impaired loans at CAD 5.59 billion [33][34] - The bank's provision for credit losses was 43 basis points, driven by the Wholesale Banking segment [34] - The efficiency ratio in U.S. Banking is expected to improve, with a target in the mid-fifties by fiscal 2029 [28] Company Strategy and Development Direction - The bank is focused on deepening relationships, simplifying operations, and executing with discipline, with significant opportunities to grow franchise relationships [13][17] - The bank is targeting CAD 2.2 billion to CAD 2.5 billion in annualized cost savings over the medium term, leveraging AI for efficiency [23][68] - The bank aims to achieve a 13% CET1 ratio by the second half of fiscal 2027, positioning itself for future growth [8][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2026 targets, with expectations for PCLs to fall within a range of 40-50 basis points [36] - The bank is optimistic about maintaining momentum across its businesses, with potential upside to EPS growth targets [8][75] - Management highlighted the importance of macroeconomic conditions in sustaining growth and performance [8][40] Other Important Information - The bank completed an $8 billion share buyback and initiated a new $7 billion buyback program, demonstrating commitment to returning excess capital to shareholders [6][32] - The bank's restructuring program concluded with total charges of CAD 886 million, expected to yield annual cost savings of CAD 775 million [22][23] Q&A Session Summary Question: Can you discuss factors that might prevent reaching a 16% ROE by 2027? - Management indicated strong momentum and confidence in achieving targets, with improvements in CET1 ratio and expense takeout contributing to ROE growth [39][40] Question: What areas are focused on growing the U.S. loan book? - Management highlighted strong consumer lending growth, particularly in credit cards, and noted good activity in mid-market lending [41][42] Question: Can you explain the credit performance and the release of performing loans? - Management attributed the release to improved macroeconomic conditions and the migration of loans from performing to impaired status [48][49]

TD Bank (NYSE:TD) Q1 2026 Earnings call February 26, 2026 09:30 AM ET Company ParticipantsAjai Bambawale - Group Head and Chief Risk OfficerBrooke Hales - Senior Vice President, Investor RelationsKelvin Tran - Group Head and CFOLeo Salom - Group Head of U.S. Retail and President and CEORaymond Chun - Group Head of Canadian Personal BankingSohrab Movahedi - Managing Director, Financials ResearchSona Mehta - Executive Vice President and Real Estate Secured Lending of Canadian Personal BankingConference Call P ...

For the quarter ended December 2025, Chime Financial, Inc. (CHYM) reported revenue of $596.36 million, representing no change compared to the same period last year. EPS came in at -$0.12, compared to $0 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $577.7 million, representing a surprise of +3.23%. The company delivered an EPS surprise of +38.99%, with the consensus EPS estimate being -$0.20.While investors scrutinize revenue and earnings changes year-over-year and ...

TD Bank (NYSE:TD) Q1 2026 Earnings call February 26, 2026 09:30 AM ET Speaker6Good morning, everyone. Welcome to the TD Bank Group first quarter 2026 earnings conference call. I would now like to turn the meeting over to Ms. Brooke Hales, Head of Investor Relations. Please go ahead, Ms. Hales.Speaker1Thank you, operator. Good morning, and welcome to TD Bank Group's first quarter 2026 results presentation. We will begin today's presentation with remarks from Raymond Chun, the bank's CEO, followed by Leo Salo ...

Gold back in outperformance mode, silver surge adds to bullish case Proactive uses images sourced from Shutterstock Gold has resumed outperforming the dollar in a development Deutsche Bank calls a “positive crossover”, reinforcing its constructive stance on precious metals. The bank says gold has shifted from underperformance to outperformance versus the US dollar based on its trailing 60-day beta. That marks a break from weakness seen since late January and is viewed as “an encouraging context” for its ...

Investment Rating - The report provides a "Buy" rating for the banking sector, indicating an expectation that stock prices will outperform the market by more than 10% over the next 12 months [54]. Core Insights - Recent high growth in bank deposits has led to market interpretations of banks being "asset deficient." However, this interpretation is challenged by the contractual nature of banking operations, where deposits and loans are derived simultaneously [4][12]. - The widening of the loan-to-deposit spread (LDR) is influenced by six key factors: cash withdrawal demand, reserve requirements, interbank lending, bond investment scale, bond issuance, and bank capital [4][14]. - The increase in net bond financing is a significant factor contributing to the widening of the loan-to-deposit spread. Two scenarios are identified: when bond financing costs are lower than loan rates, and when non-bank entities reduce their borrowing, leading to a return of funds to banks [4][35]. - From January 2025 to January 2026, the loan-to-deposit spread widened by 11.4 trillion CNY, with new bond investments contributing 16.6 trillion CNY and market bond net financing at 20.6 trillion CNY [4][45]. - In January 2026, net bond investment increased by 1.9 trillion CNY, while total market bond net financing was only 1.4 trillion CNY, indicating a negative contribution of -9.68% from bond financing to the loan-to-deposit spread [4][45]. Summary by Sections Section 1: Implications of Widening Loan-to-Deposit Spread - The loan-to-deposit spread for large banks increased from 15.8 trillion CNY in January 2025 to 21.8 trillion CNY in January 2026, while for medium-sized banks, it rose from 16.5 trillion CNY to 23.5 trillion CNY [12]. - The decline in loan-to-deposit ratios for large banks from 89.1% to 86.5% and for medium-sized banks from 88.3% to 84.7% reflects a shift in asset allocation demands [12]. Section 2: Factors Influencing Loan-to-Deposit Spread - The six factors affecting the loan-to-deposit spread include: 1. Cash withdrawal demand 2. Reserve situation 3. Interbank lending to non-banking entities 4. Scale of bond investments 5. Bond issuance 6. Bank capital [4][14]. - The report emphasizes that the relationship between bond financing and loans must differentiate between government and non-government bonds, as the issuance of government bonds does not affect the loan-to-deposit spread [4][35]. Section 3: Analysis of Recent Changes in Bank Assets and Liabilities - The report details the contributions of various factors to the loan-to-deposit spread, including a -47% contribution from bank funds exiting the balance sheet and a 173% contribution from the substitution effect of bonds for loans [4][45]. - The analysis of January 2026 data shows that non-bank funds returning to banks contributed 25.9% to the loan-to-deposit spread, while interbank net assets contributed 43.3% [4][45].

信息显示，张曼于1972年5月出生，本科学历，工商管理硕士学位。历任中国农业银行长沙县支行营业 部副主任、客户部主任、副行长，长沙银行星城支行行长，湖南长银五八消费金融股份有限公司筹备办 公室主任，长沙银行党委委员、副行长。到2024年，张曼被提拔为长沙银行行长。 长沙银行是湖南最大法人金融机构，2025年前三季度公司营业收入为197.21亿元，同比上升1.29%，同 期归母净利润为65.57亿元，同比上升6%，不良贷款率1.18%，拨备覆盖率311.88%。王立雄获批出任杭 州银行副行长 2月25日，三家城商行领导职务发生变动。其中，长沙银行（SH601577，股价9.81元，市值394.51亿 元）行长辞任，杭州银行、温州银行则各有一位副行长任职资格获监管核准。 长沙银行公告称，董事会收到张曼的书面辞职报告，因职务变动，张曼申请辞去长沙银行行长职务，自 2026年2月24日起生效。张曼继续担任长沙银行董事长，并暂时代为履行行长职责。 另外，国家金融监督管理总局浙江监管局发布的两则公告显示，王立雄杭州银行副行长的任职资格获得 核准。此外，洪益平温州银行副行长任职资格已获核准。张曼辞任长沙银行行长职务 长沙银 ...

资料显示，现年54岁的张曼是湖南长沙县人，早年主要供职于农行系统，曾任中国农业银行长沙县支行 营业部副主任、客户部主任、副行长等职。 2006年，张曼加入长沙银行，历任星城支行行长、长银五八消费金融筹备办公室主任等职。 2015年10月，她获聘为长沙银行副行长。 2024年9月，她接替赴任郴州的唐力勇出任行长，成为长沙银行历史上首位女行长。 2025年12月，长沙银行原董事长赵小中到龄离任，董事会选举张曼接任；2026年2月12日，其董事长任 职资格获湖南金融监管局核准。 2月26日，长沙银行（601577）连发两则公告，一方面披露董事会收到张曼书面辞职报告，其因职务变 动申请辞去行长职务，辞任自2026年2月24日起生效；另一方面明确，在新任行长任职资格获监管核准 并就任前，由张曼代为履行行长职责，保障经营平稳过渡。 辞任后，张曼将继续担任该行董事长、董事，战略与可持续发展委员会主任委员及委员、薪酬及提名委 员会委员、风险控制与关联交易委员会委员职务。 为何提前结束行长任期？ 值得关注的是，张曼的行长原定任期至2028年5月21日。有业内人士指出，此次提前约2年卸任，符合监 管对银行公司治理的规范性要求。根 ...