The Global Banker — Banking Industry News &amp; Intelligence

Banamex completed $900 million AT1 bond placement at 9.5% coupon

21 Oct

Capital One third-quarter profit rose as Discover integration progressed further

21 Oct

Norway's DNB beat forecasts despite 7.9% fall in third-quarter profit

Qatar’s Ahlibank nine-month profit held steady as lending expanded 13%

Google Cloud ended London incident after power event disrupted UK banks

UK CMA proposed lower Apple contactless access fees for payment rivals

Prudential agreed $4.03 billion Brazil and Mexico insurance sale to CNP

Truist Split Consumer Leadership as Wilson Prepared to Leave Bank

Fitch raised outlooks on eleven Nigerian banking issuers to positive

Vodacom retained Safaricom control while Kenya appeal moved to fast track

Banque du Caire’s Egypt offering reached 42% first-day subscription coverage

Google Cloud outage disrupts Revolut payments and app access across Europe

UniCredit agreed Italian securities-services transfer to bring 54 specialists in-house

Huntington launched Google-powered AI operating system for US small businesses

Nedbank’s Kenya acquisition of NCBA became unconditional before November settlement

Mynt shares rose on record Philippine GCash IPO market debut

JPMorgan facilitated Syria's first letter of credit in 14 years

JPMorgan facilitated Syria's first documentary credit in 14 years for a Saudi Aramco fuel deal, according to Reuters, as a 65,000-tonne diesel shipment reached Baniyas.

Al Rajhi Bank nine-month profit rose 13.3% to SAR20.87 billion

Saudi Arabia's Al Rajhi Bank reported nine-month net income of SAR20.87 billion, up 13.3%, as operating income rose 13.4% and its financing portfolio expanded modestly.

Banamex completed $900 million AT1 bond placement at 9.5% coupon

Mexico's Banamex completed a $900 million additional Tier 1 perpetual bond placement carrying a 9.5% coupon, converting an earlier marketing exercise into an executed capital transaction.

Capital One third-quarter profit rose as Discover integration progressed further

Capital One reported third-quarter net income of $3.54 billion, up from $3.19 billion a year earlier, as revenue increased and the Discover integration continued to progress.

Truist Split Consumer Leadership as Wilson Prepared to Leave Bank

Truist divided its consumer and small-business leadership roles, appointed Shimna Sameer and Jeff Warner, and said incumbent Dontá Wilson would leave the US lender at year-end.

NatWest appoints Isabelle Girolami CEO of C&I from 1 January 2027, subject to approval

Isabelle Girolami, currently Head of Corporate & Institutional Banking, will lead Commercial & Institutional from 1 January 2027, while Walid Assaf of Crédit Agricole CIB is to succeed Jonathan Peberdy as CEO of Markets.

HDFC Bank's incoming CEO Anup Bagchi says merger integration is largely complete

Anup Bagchi, who takes over as managing director and CEO on 27 October from Sashidhar Jagdishan, says most HDFC Ltd integration work is done, though balance sheet changes continue.

HDFC Bank deputy managing director Kaizad Bharucha seeks to leave on 31 December

Kaizad Bharucha, seen as a strong contender for the top job, has asked to step down effective 31 December 2026, after HDFC Bank appointed ICICI Bank veteran Anup Bagchi as MD and CEO.

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Prudential agreed $4.03 billion Brazil and Mexico insurance sale to CNP

Prudential Financial agreed to sell its Brazil and Mexico insurance businesses to CNP Assurances for $4.03 billion in cash, with closing expected in the second half of 2027.

Vodacom retained Safaricom control while Kenya appeal moved to fast track

Vodacom remained Safaricom’s registered controlling shareholder at roughly 55%, after Kenya’s Court of Appeal preserved the disputed shares and payment while expediting the substantive case.

Banque du Caire’s Egypt offering reached 42% first-day subscription coverage

Banque du Caire’s public tranche reached 42% subscription coverage on its opening day, while Egypt’s wider offering targets 4.575 billion existing shares representing 30% of issued capital.

UniCredit agreed Italian securities-services transfer to bring 54 specialists in-house

UniCredit agreed to transfer an Italian securities-services unit and 54 specialists from Société Générale, advancing an internalisation programme expected to create more than 200 roles across Italy and Germany.

Google Cloud ended London incident after power event disrupted UK banks

Google ended the London cloud incident after a power event disrupted applications at Revolut, Lloyds, Halifax and HSBC, although its status page said a very small number of customers remained affected.

Google Cloud outage disrupts Revolut payments and app access across Europe

Revolut reported partial outages across card payments, cash withdrawals, transfers and account access as a Google Cloud disruption affected its London region and other European services.

Huntington launched Google-powered AI operating system for US small businesses

Huntington launched its 1866 Studio, using Google Cloud’s Gemini platform to give US small-business owners AI workflows for planning, marketing and financing readiness, with early-access registration opening on 19 October.

Mynt shares rose on record Philippine GCash IPO market debut

Mynt shares rose as much as 2.4% on their Philippine debut after the GCash owner completed a record initial public offering that raised 60.9 billion pesos.

BaFin fined Nomura €320,000 over delayed Commerzbank voting-rights disclosures in Germany

Germany's BaFin fined Nomura Holdings €320,000 for late voting-rights notifications linked to Commerzbank, an enforcement action connected with UniCredit's politically sensitive stake-building period during 2026.

UK CMA proposed lower Apple contactless access fees for payment rivals

Britain’s competition regulator proposed lower fees and broader NFC access on iPhones, where contactless transactions represent 39% of payments, while Apple warned of weaker privacy and security protections.

Bank of England examines Barclays private credit trades as shares fall 2.6%

The Bank of England is examining whether Barclays traders understated the risk of illiquid private credit loans after an insider complaint, and the bank's shares fell 2.6% to 421.4 pence on Monday.

Bank of Ghana proposes credit risk directive to tighten borrower repayment checks

The Bank of Ghana's draft directive would make lenders weigh income and cash flows ahead of collateral, as it targets non-performing loan ratios of no more than 10 percent by end-2026.