Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Bank of America announced 1,000 apprentices and $150 million workforce investment
Bank of America will recruit 1,000 additional apprentices over two years and invest $150 million over five years in US workforce development and training programmes.
UniCredit issued €750 million AT1 bond at record-low reset margin
UniCredit placed a €750 million perpetual AT1 bond with a 6.25% coupon after attracting more than €3.5 billion of demand from over 220 investors worldwide.
Deutsche Bank Completed €1.25 Billion AT1 Issuance With 7% Coupon
Deutsche Bank completed a €1.25 billion Additional Tier 1 capital issuance carrying a fixed 7% coupon until April 2034, strengthening its leverage, Tier 1 and total capital ratios.
BNP Paribas Asset Management Reorganised €1.7 Trillion Platform After AXA Deal
BNP Paribas Asset Management implemented a new operating structure for its €1.7 trillion platform after integrating AXA Investment Managers, establishing an executive board and reorganising investment, client and support functions.
Société Générale Raised 2029 Profitability Target and Planned €1.9 Billion Savings
Société Générale raised its 2029 return-on-tangible-equity target to 13–14% and outlined €1.9 billion of gross savings as chief executive Slawomir Krupa extended the bank’s restructuring programme.
Raiffeisen Won €3.15 Billion Default Judgment Against Russia-Linked Rasperia in Vienna
A Vienna court awarded Raiffeisen Bank International and its Russian subsidiary about €3.15 billion against Rasperia, which has four weeks to challenge the default judgment.
IMF and World Bank Approved New Debt Framework for Poor Countries
The IMF and World Bank approved reforms to their low-income country debt framework, adding domestic debt and climate analysis while keeping the discount rate at 5%.
Qatar Investment Authority Announced Plans for $20 Billion JPMorgan Asset Partnership
Qatar Investment Authority and JPMorgan Asset Management announced plans for a $20 billion partnership that would allocate $15 billion to global equities and $5 billion to US middle-market private credit.
Kenyan Court Authorised Bank of Baroda Asset Attachment Over KSh2.996 Billion
A Kenyan High Court warrant authorised attachment of Bank of Baroda Kenya’s movable assets unless it pays KSh2.996 billion to Infinity Industrial Park by the enforcement deadline.
IMF Urged Lebanon to Protect Depositors Before Sharing Banking Sector Losses
The IMF urged Lebanon to revise its deposit recovery framework after a Beirut mission, saying shareholders and junior creditors should absorb losses before depositors as banking restructuring advances.
Huntington cut income growth forecast as funding costs squeezed lending margins
Huntington lowered its 2026 net interest income growth forecast to approximately 35% as higher funding costs and pressure on loan yields weakened its outlook for lending profitability.
Société Générale Raised Profitability Targets and Set Out Further Cost Reductions
Société Générale announced targets for a 13–14% return on tangible capital by 2029, combining further cost reductions with revenue growth and potential shareholder distributions exceeding €21 billion over four years.