The Global Banker — Banking Industry News & Intelligence
Banking News
Bank of Ireland lifts net interest income guidance above €3.5 billion
Regulations
UK Budget doubles bank surcharge to 6% for 15 months to fund energy support
Latest News
Santander's nine-month underlying profit rises 16% to €11.2 billion as it adds 17 million customers
PNC Bank and ADP plan a payroll service inside PNC's digital banking platform
Bank of Ireland lifts net interest income guidance above €3.5 billion
UK Budget doubles bank surcharge to 6% for 15 months to fund energy support
UniCredit chairman Pier Carlo Padoan to step down at the end of his term for personal reasons
Federal Reserve holds rates at 3.75% to 4% as two policymakers vote for a hike
Bank of Canada raises policy rate to 2.5% in first hike since 2023
Warba Bank closes KD 80 million perpetual AT1 sukuk at 5.50% profit rate
VersaBank receives final approval for reorganisation, targeting completion on 13 November
GTCO nine-month profit falls 12.16% to N614.57 billion as interest costs rise
Six big Chinese state-owned banks lift interim payout ratio to 31% for first time
Cathay United Bank plans stablecoin cross-border collection service with domestic VASP partners
German banks tighten corporate credit standards again, with net share at +6%
Fitch upgrades Bank of China's viability rating to 'bbb+' and affirms 'A' rating
HSBC lifts third-quarter pre-tax profit 32% to $9.6 billion and announces $1 billion buyback
Shinhan Bank reports 8.6% rise in third-quarter operating profit to 1.59 trillion won
RBI injects funds as tighter liquidity lifts weekly average call rate to 5.70%
Kenya's competition authority clears Credinvest takeover of 100% of Rafiki Microfinance Bank
National Bank of Ethiopia offers $140 million in FX auction on 27 October
California Bank & Trust names Michael MacDonald president as it targets wider state presence
Banking News
View All →Santander's nine-month underlying profit rises 16% to €11.2 billion as it adds 17 million customers
Banco Santander's underlying profit rose 16% to €11.2 billion in the first nine months of 2026, as the bank added 17 million customers year-on-year.
Bank of Ireland lifts net interest income guidance above €3.5 billion
Bank of Ireland has upgraded its net interest income guidance for the second time this year to more than €3.5 billion, as consumer loans rose by €3.6 billion to €86.1 billion in the nine months to September.
Warba Bank closes KD 80 million perpetual AT1 sukuk at 5.50% profit rate
Warba Bank has completed the closing and settlement of a KD 80 million perpetual Additional Tier 1 sukuk, which is unlisted and has a first reset date of 27 October 2031.
VersaBank receives final approval for reorganisation, targeting completion on 13 November
VersaBank has received the Federal Reserve approval that completes its regulatory requirements for the reorganisation, and is targeting 13 November 2026 for completion after a minimum 15-calendar day waiting period.
Executive Moves
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UniCredit chairman Pier Carlo Padoan to step down at the end of his term for personal reasons
UniCredit said chairman Pier Carlo Padoan will step down at the end of his term for personal reasons, with Nomination Committee head Jeffrey Edberg working with him to identify a suitable successor.
California Bank & Trust names Michael MacDonald president as it targets wider state presence
California Bank & Trust has appointed Michael MacDonald as president, and he will keep leading Zions Capital Markets while reporting to CEO Eric Ellingsen.
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.
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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Kenya's competition authority clears Credinvest takeover of 100% of Rafiki Microfinance Bank
The Competition Authority of Kenya has approved Credinvest International Corporate Finance Limited's acquisition of 100% of Rafiki Microfinance Bank Limited, though the notice did not disclose the financial value of the transaction.
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.
Fintech
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PNC Bank and ADP plan a payroll service inside PNC's digital banking platform
PNC Payroll by ADP puts payroll, HR and benefits beside PNC's banking and payments, built on ADP's experience serving more than 900,000 small businesses.
Cathay United Bank plans stablecoin cross-border collection service with domestic VASP partners
Cathay United Bank will let corporate clients collect stablecoin payments through its online banking, with partner VASPs handling the exchange, and will start with business-to-business collection scenarios.
HSBC launches AI-enabled HSBCnio platform for corporate and institutional clients
HSBC's HSBCnio platform lets clients' own AI tools read authorised account and transaction data through its Model Context Protocol, and an "Ask HSBC" feature is planned.
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.
Regulations
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UK Budget doubles bank surcharge to 6% for 15 months to fund energy support
Finance minister John Healey is doubling the surcharge on bank profits to 6% from 3% for 15 months, a rise the finance ministry estimates will raise £1.5 billion.
Societe Generale faces 2.37% Pillar 2 requirement from 1 January 2027
The ECB has set Societe Generale's Pillar 2 Requirement at 2.37%, including at least 1.39% in CET1, from 1 January 2027, against 2.36% for 2026.
Reserve Bank of New Zealand proposes six capital rule changes, including lower credit card risk weights
The Reserve Bank of New Zealand is consulting on six changes to how lenders assess regulatory capital, aiming to align requirements with lending risks, with submissions closing at 5pm on 1 December 2026.
Brazil's central bank sets new rules for credit offers within Pix from July 2027
The rules, set out in a resolution due to take effect on 1 July 2027, aim to reinforce institutions' responsibilities in offering and granting credit and to give Pix users greater protection and transparency.