The Global Banker — Banking Industry News & Intelligence
Regulations
UK Court Quashed Five Former Barclays Traders’ Rate-Rigging Convictions on Appeal
Executive Moves
I&M Bank Kenya Appointed Abdi Mohamed Chief Executive After Approval
Latest News
Singapore’s MAS issued phased AI risk guidelines for financial institutions
Safaricom and GulfCap Launched Shariah Fund Through M-Pesa in Kenya
UK Court Quashed Five Former Barclays Traders’ Rate-Rigging Convictions on Appeal
I&M Bank Kenya Appointed Abdi Mohamed Chief Executive After Approval
SEB Named Jonas Ahlström Acting CEO After Johan Torgeby Resigned
Colombia’s Bre-B completed its first year with 1.7 billion transactions
IMF urged central banks to retain hawkish bias amid global shocks
African Union launched continent-wide credit rating agency at Mauritius headquarters
Airtel Money priced London flotation at £1.96, valuing business at £5.3 billion
Société Générale completed €1.5 billion buyback covering nearly 20 million shares
Dutch state announced latest ABN Amro sell-down towards 10.5% stake
UK PRA proposed automatic GDP-linked updates to 128 regulatory thresholds
Bradesco Completed R$10 Billion Capital Increase Subscription After Final Auction
IMF urged closer hedge fund scrutiny as assets reached $13 trillion
South African Reserve Bank warned inflation could stay above tolerance into 2027
Turkey’s central bank said deposits rose TRY800 billion amid fund turmoil
Vietnamese banks planned nearly $7 billion in new share sales
MUFG and Danamon proposed new identity for Indonesia’s integrated bank
India’s RBI raised repo rate to 5.50% as inflation broadened
United States FinCEN withdrew proposed reporting rules for cryptocurrency mixing
Banking News
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African Union launched continent-wide credit rating agency at Mauritius headquarters
The African Union launched AfCRA in Mauritius to rate sovereigns, companies and financial institutions, seeking wider coverage for 23 African economies without ratings from the three largest global agencies.
Société Générale completed €1.5 billion buyback covering nearly 20 million shares
Société Générale completed its €1.5 billion extraordinary share buyback after repurchasing 19,871,418 shares, which the French bank said would subsequently be cancelled under the programme.
Bradesco Completed R$10 Billion Capital Increase Subscription After Final Auction
Bradesco fully subscribed its R$10 billion capital increase after selling the final receipts at auction, while the enlarged capital base remains subject to approval by Brazil’s central bank.
Vietnamese banks planned nearly $7 billion in new share sales
Vietnamese lenders planned almost $7 billion of share sales through 2027, according to Reuters calculations, as rapid credit growth and tighter capital requirements increased funding needs.
Executive Moves
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I&M Bank Kenya Appointed Abdi Mohamed Chief Executive After Approval
I&M Bank Kenya appointed former Absa Kenya leader Abdi Mohamed chief executive from 5 October after regulatory approval; Business Daily reported his gardening leave ended early.
SEB Named Jonas Ahlström Acting CEO After Johan Torgeby Resigned
SEB named deputy chief executive Jonas Ahlström as acting CEO after Johan Torgeby resigned for personal reasons, ending nearly a decade as the Swedish bank's chief.
East African Development Bank appointed Anne Juuko to lead regional lender
The East African Development Bank appointed former Stanbic Bank Uganda chief Anne Juuko as director general, effective 2 October, while its council approved governance reforms for the lender’s next phase.
BNP Paribas appointed Annie Pin to lead Arval from April 2027
BNP Paribas appointed Annie Pin as Arval chief executive from 1 April 2027, while Alain van Groenendael will become chairman after an eight-year tenure leading the vehicle-leasing business.
TGB Magazine
Latest issueIssue 08
Q4 2026: Record profits, on a tightrope
The first half paid banks well for volatility, wealth and lending. The rate cycle has now turned, and the second half will test which of those engines keeps running.
In this issue
M&A
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Dutch state announced latest ABN Amro sell-down towards 10.5% stake
The Netherlands announced a fifth market sale plan for ABN Amro depositary receipts, targeting a reduction in the state’s holding from 20.7% to 10.5% as privatisation continued.
MUFG and Danamon proposed new identity for Indonesia’s integrated bank
Danamon and MUFG Indonesia proposed PT Bank MUFG Danamon Tbk as the name of their integrated bank, while keeping completion in 2027 subject to shareholder and regulatory approvals.
Kenya regulator approved Monarch Capital's 60% De La Rue stake purchase
Kenya's competition regulator approved Monarch Capital's proposed acquisition of a 60% stake in De La Rue Kenya, leaving the government with its existing 40% holding.
Egypt’s CIB committed up to EGP2 billion to MNT-Halan’s proposed listing
CIB agreed to invest up to EGP2 billion as a cornerstone buyer in MNT-Halan’s proposed Egyptian offering, adding an anchor investor before final regulatory clearance.
Fintech
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Safaricom and GulfCap Launched Shariah Fund Through M-Pesa in Kenya
Safaricom and GulfCap Investment Bank launched Ziidi Shari’ah through M-Pesa, letting Kenyan customers start with KSh100 and add as little as KSh10 through My OneApp or USSD.
Colombia’s Bre-B completed its first year with 1.7 billion transactions
Colombia’s interoperable Bre-B network processed more than 1.7 billion transactions worth over COP262 trillion during its first 12 months, while participation expanded to 245 entities.
Airtel Money priced London flotation at £1.96, valuing business at £5.3 billion
Airtel Money set its London initial public offering at £1.96 a share, implying a £5.3 billion valuation, with admission expected on 14 October after a secondary sale of existing shares.
Plaid launched AI credit scores for specialised United States lending markets
Plaid launched LendScore 2, specialised lending models and an AI-based risk score, claiming improved prediction and approval results for lenders using consumer-permissioned cash-flow data in underwriting.
Regulations
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Singapore’s MAS issued phased AI risk guidelines for financial institutions
Singapore’s MAS issued AI risk management guidelines covering all financial institutions and AI technologies, with core governance expectations taking effect from 7 October 2027 and remaining provisions from October 2028.
UK Court Quashed Five Former Barclays Traders’ Rate-Rigging Convictions on Appeal
The UK Court of Appeal quashed the convictions of five former Barclays traders after a 2025 Supreme Court ruling found legal errors had undermined the fairness of related benchmark-rate trials.
UK PRA proposed automatic GDP-linked updates to 128 regulatory thresholds
The Prudential Regulation Authority proposed indexing 128 thresholds to nominal UK GDP every five years, with the first automatic adjustment scheduled for July 2031 under its new framework.
IMF urged closer hedge fund scrutiny as assets reached $13 trillion
IMF researchers urged stronger oversight of hedge funds after gross assets reached $13 trillion and notional exposures about $40 trillion, highlighting leverage, opacity and cross-border spillover risks.