The Global Banker — Banking Industry News & Intelligence
Regulations
Citi wins CSRC approval for wholly owned Shanghai securities firm with 1.2 billion yuan capital
Central Banks
Bank of Russia holds key rate at 14% and lifts 2026 inflation forecast to 7.1–7.6%
Latest News
Shiga Bank and Senshu Ikeda enter final merger talks to create top Kansai regional lender
National Bank of Kazakhstan cuts base rate to 15.75% from 16.25% as inflation slows to 9.3%
Citi wins CSRC approval for wholly owned Shanghai securities firm with 1.2 billion yuan capital
Bank of Russia holds key rate at 14% and lifts 2026 inflation forecast to 7.1–7.6%
PBOC sets 700 billion yuan MLF operation, draining a net 200 billion yuan
RBI issues final leverage ratio rules with 3.5% to 4% minimums from April 2027
AIIB lends USD80 million in first nonsovereign green loan to Khan Bank
India plans stake sales in four state-run banks to 75% and a fresh consolidation round
Australia proposes raising bank cover pool limit to 12% from 8% and doubling estate withdrawals
Bank Negara Malaysia and Bank of Thailand join MAS's BLOOM digital money initiative
FirstRand Bank redeems R2 500 000 000 of FRB31 Tier 2 notes early
HKMA designates twelve banks as RMB liquidity providers and lifts repo facility to RMB22 billion
Eurozone ministers set 28 October deadline for Schnabel successor as Lagarde's future stays open
RBNZ signals December OCR hike, but banks and markets price a 25bp rise to 3% on 28 October
Wells Fargo names Kleber Santos sole head of consumer arm, Van Beurden to lead AI
Swedbank reports third-quarter net profit down 3% at 8.25 billion Swedish crowns
EBRD and IFC each agree to take up to 15.74% of Banque du Caire private placement
ADCB reports record third-quarter pre-tax profit of AED 4.063 billion, up 28%
Eastern Libya parliament accepts central bank governor Issa's resignation in principle
Türkiye's central bank cuts policy rate by 100 basis points to 36% after five holds
Banking News
View All →AIIB lends USD80 million in first nonsovereign green loan to Khan Bank
The five-year senior unsecured loan is AIIB's first investment in a Mongolian financial institution, with Korea Development Bank and Asian B-loan participants adding a further USD50 million.
India plans stake sales in four state-run banks to 75% and a fresh consolidation round
The government is considering cutting its holdings in four public sector banks to 75% through an offer for sale, with the first phase of the exercise expected to be completed within a year.
FirstRand Bank redeems R2 500 000 000 of FRB31 Tier 2 notes early
FirstRand Bank Limited will reduce the nominal amount of its FRB31 Tier 2 notes from R2 500 000 000.00 to R0.00, with payment and early redemption on 24 November 2026.
Swedbank reports third-quarter net profit down 3% at 8.25 billion Swedish crowns
Net profit fell from 8.51 billion crowns a year earlier, in line with analyst forecasts, while net interest income rose 7% to 11.57 billion crowns but missed estimates.
Executive Moves
View All →
Wells Fargo names Kleber Santos sole head of consumer arm, Van Beurden to lead AI
Kleber Santos becomes sole CEO of Consumer Banking and Lending as Saul Van Beurden, his co-CEO since the unit's formation in 2025, turns exclusively to leading AI across Wells Fargo.
BPI names Maria Cristina “Ginbee” Go chief executive from 26 April 2027
Maria Cristina “Ginbee” Go will become the first female president and CEO of the Philippines' oldest bank on 26 April 2027, succeeding Jose Teodoro “TG” Limcaoco, who stays on the board.
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.
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
View All →
Shiga Bank and Senshu Ikeda enter final merger talks to create top Kansai regional lender
The two banks are in the final stages of talks on a tie-up that would overtake Kyoto Financial Group by assets, though both say nothing concrete has been decided.
RHB Bank wins extension to February 2027 for Tokio Marine insurance deal talks
RHB Bank now has until 11 February 2027 to negotiate with Tokio Marine Asia over the proposed disposal of up to 100% of RHB Insurance, after Bank Negara Malaysia approved an extension.
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.
Fintech
View All →
SoFi launches SOFIE deposit token paying 4.40% APY to consumers
SoFi Technologies launches SoFi Earn (SOFIE), a tokenized deposit paying 4.40% APY with each token representing $1 held at SoFi Bank, rolling out to SoFi Crypto members through November.
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.
Regulations
View All →
Citi wins CSRC approval for wholly owned Shanghai securities firm with 1.2 billion yuan capital
Citi's Shanghai-based unit will have registered capital of 1.2 billion yuan ($180 million), and the approval ends a nearly five-year journey marked by regulatory friction in Washington and Beijing.
RBI issues final leverage ratio rules with 3.5% to 4% minimums from April 2027
The Reserve Bank of India set minimum leverage ratios of 3.5% to 4% for commercial banks from 1 April 2027, rejecting calls to ease the global bank requirement to 3% or to delay implementation.
Australia proposes raising bank cover pool limit to 12% from 8% and doubling estate withdrawals
Draft rules would raise the covered bond cap from 8% to 12% to give mid-tier banks cheaper funding, as part of reforms the government says will cut compliance costs by $780 million a year.
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.
