Welcome to The Daily Intel, a roundup of exclusive news and analysis from S&P Global Market Intelligence, curated by our journalists.
Editor's Pick
The world's 100 largest banks, 2022
European banks lost some of their dominance in global asset size rankings in 2021, while major Chinese lenders maintained their lead as the world's biggest financial institutions.
Twenty-six of the 37 European lenders on the list of the world's 100 largest banks slid down the rankings by between one and nine places as of 2021-end from a year prior, according to S&P Global Market Intelligence. The total assets of all European banks on the list contracted 2.16% to $36.890 trillion in 2021 from $37.707 trillion a year earlier.
Financials
US banks post solid loan growth in Q1'22 as uncertainties build
Commercial banks in the U.S. notched another three months of healthy loan growth in the first quarter of 2022, though the potential for an economic downturn has raised concerns about how long the momentum can last.
$1B+ US asset management deal space off to strong start in 2022
Following a strong first quarter, 2022 is on pace to have the most billion-dollar U.S. asset management M&A deals since at least 2017, according to S&P Global Market Intelligence data.
Credit and Markets
Treasury yields jump on Fed's plan to reduce its balance sheet
The Federal Reserve's plans to shrink its massive balance sheet will likely reduce the risk of government bond yields inverting, one sign of an impending recession, and lessen the need for some future interest-rate hikes.
Insurance
Insurers' $15B Russia aviation puzzle will take years to solve
Insurers are facing a yearslong legal battle with aircraft leasing firms over a potential $15 billion claims bill from jets stranded in Russia because of the Ukraine war.
Outlook 2022: Renewable resources make up most US planned capacity additions
Capacity additions in the Electric Reliability Council of Texas Inc. and PJM Interconnection LLC regions make up close to half of the new U.S. power generation and energy storage expected to come online in 2022.
Inside Koch Industries' push into solar, batteries and electric cars
Koch Industries Inc., one of the world's wealthiest private companies, has emerged as the latest fossil fuel giant to seek new fortunes in carbon-free energy, joining the likes of BP PLC, Chevron Corp. Shell PLC, TotalEnergies SE and Saudi Arabian Oil Co.
Metals and Mining
Traders still buying despite pressure to spurn Russian metals
Metal buyers have largely kept up purchases of Russian products in the wake of the country's invasion of Ukraine, though traders worry about future commodity sanctions.
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