The Global Banker — Banking Industry News &amp; Intelligence

Euroclear appeals Russian ruling on €200.1 billion claim, with hearing on 22 October

Central Banks

Standard Chartered signs agreements to buy Zodia Custody and separate its software arm

OCC issues final GENIUS Act stablecoin rule, effective 18 January 2027

Danske Bank lets business customers connect AI agents to its Premium APIs

Central Banks

ECB's Cipollone says banks have important role in tokenised markets, citing three risks

Lebanon's Constitutional Council unanimously struck down disputed banking reform provision

Commercial Bank Qatar nine-month profit fell 13.8% as provisions rose

ESG

ITPN study linked complete transition plans to 80-basis-point debt discount

FCA banned former Vector Wealth chief over £4 million investor losses

Brazil added R$6.49 billion to export guarantees under Brasil Soberano

Central Banks

Australian dollar climbs to three-week high as RBA's Hauser calls inflation outlook 'materially worse'

Alinma Bank’s quarterly profit slipped as credit provisions rose sharply

Bank of Cyprus declares €0.24 interim dividend as SSM moves to drop approval rule

Euroclear appeals Russian ruling on €200.1 billion claim, with hearing on 22 October

The Moscow District arbitration court hears Euroclear Bank's cassation appeal on 22 October against a ruling on the Bank of Russia's €200.1 billion claim, which an appellate court left in force in July.

Saudi National Bank’s nine-month profit rose 4.6% to SAR19.48 billion

Saudi National Bank’s net profit increased 4.6% to SAR19.48 billion in the first nine months of 2026, supported by higher operating income and sharply lower expected credit-loss provisions.

UBS weighs Deutsche Bank's Sewing as possible successor to Ermotti, rumours say

UBS is reported to be negotiating with Deutsche Bank chief executive Christian Sewing as a possible successor to Sergio Ermotti, although both banks declined to comment on the rumours.

Commercial Bank Qatar nine-month profit fell 13.8% as provisions rose

Commercial Bank Qatar's nine-month net profit fell 13.8% to QAR1.54 billion after net provisions increased 62.5%, outweighing higher net interest income and customer loan growth.

BMO appointed Tim Cox to lead United States banking operations

BMO appointed Tim Cox as United States country head and chief executive of its US subsidiaries from 1 November, while Darrel Hackett moves to an advisory role.

Bank of America appointed two former chief executives to board

Bank of America appointed former Dow chief Jim Fitterling and former KPMG chair Bill Thomas as directors, adding industrial and financial reporting expertise to its board.

OCB appoints Duong Duc Hung as general director from 26 October 2026

Orient Commercial Bank names Duong Duc Hung, who has more than 20 years in banking and finance, as General Director from 26 October 2026, alongside Chris Shayan as Chief Operating Officer.

Coris Bank appointed Kaboré and Tchanguaï to Côte d’Ivoire leadership

Coris Bank International appointed Alassane Kaboré chief executive and Nikada Tchanguaï deputy chief executive of its Côte d’Ivoire subsidiary, strengthening leadership of the group’s largest operation.

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LSEG agreed $3.535 billion Octus acquisition to expand global credit data

LSEG agreed to buy New York-based Octus for $3.535 billion in cash, adding private-credit intelligence, data and workflows to its global platform, subject to regulatory approval.

Standard Chartered signs agreements to buy Zodia Custody and separate its software arm

Standard Chartered has signed definitive agreements to buy 100% of Zodia Custody Limited, with the custody business to join its Securities Services unit and no client disruption expected.

AFG Holding moved to acquire majority stake in Chad housing bank

AFG Holding agreed to become the majority shareholder in Banque de l’Habitat du Tchad through a recapitalisation approved on 14 October, subject to regulatory clearance.

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.

Danske Bank lets business customers connect AI agents to its Premium APIs

Danske Bank is linking customers' AI assistants directly to its Premium APIs through a Model Context Protocol server, so they can check balances and build cash-flow forecasts with simple prompts.

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.

European regulators questioned Google after cloud outage disrupted major banks

European and UK regulators sought answers from Google after its London cloud outage disrupted banking services, turning a systems failure into an early test of new critical-provider oversight regimes.

OCC issues final GENIUS Act stablecoin rule, effective 18 January 2027

The OCC's final rule implementing the GENIUS Act takes effect on 18 January 2027 and bans direct yield payments by stablecoin issuers, while third-party arrangements will be judged case by case.

Lebanon's Constitutional Council unanimously struck down disputed banking reform provision

Lebanon's Constitutional Council annulled Article 3 of Law 71 and removed two further clauses, leaving bank-restructuring powers under the Code of Money and Credit framework.

FCA banned former Vector Wealth chief over £4 million investor losses

The FCA banned former Vector Wealth chief executive Jeffrey Dawkins and fined him nearly £270,000 after misconduct linked to mini-bonds expected to cost investors about £4 million.