Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
JPMorgan third-quarter profit rose 6% despite securities losses and estimate miss
JPMorgan Chase reported $15.3 billion of third-quarter profit, up 6% year on year, although a $658 million securities loss helped push earnings below analyst expectations.
Goldman Sachs third-quarter profit climbed as equities revenue jumped 72%
Goldman Sachs reported $5.29 billion in third-quarter profit, up from $4.10 billion a year earlier, as equities revenue jumped 72% to $6.44 billion during the period.
Egypt recorded $2.8 billion balance-of-payments surplus in latest fiscal year
Egypt’s overall balance of payments shifted to a $2.8 billion surplus in 2025/26 from a $2.1 billion deficit, while capital and financial inflows rose to $23.2 billion.
Kenyan banks posted strongest monthly loan flow in five years
Kenyan commercial banks disbursed KSh99.4 billion of new loans in September, while annual private-sector credit growth reached 10.6% and the non-performing-loan ratio fell to 13.9%.
Banque Misr signed EGP10 billion property financing facility in Egypt
Banque Misr signed an EGP10 billion facility of up to eight years for Founders Real Estate Marketing, supporting asset acquisition and project costs in western Cairo.
IMF stress test found weak capital across 22% of banking assets
The IMF’s severe stress test found banks holding 22% of global banking assets would have weak capital, up from 18% in 2025, despite broader sector resilience.
HSBC set 2028 phase-out for fixed-pay allowances across senior staff
HSBC will end fixed-pay allowances from January 2028, shifting more senior-staff remuneration towards variable awards while keeping base salaries and its overall compensation approach unchanged.
QNB closed $2.5 billion syndicated facility backed by 25 banks
QNB closed a $2.5 billion senior unsecured syndicated term facility after commitments from 25 banks made the transaction twice oversubscribed, including $1.25 billion from nine Asian lenders.
Bank NXT signed EGP2.1 billion facility for Egypt automotive expansion
Bank NXT signed an EGP2.1 billion credit facility with Ezz Elarab Elsewedy Investments to fund automotive-factory expansion and construction of a new paint plant in Egypt.
QNB Egypt increased nine-month profit 26.3% to EGP28.05 billion as lending grew
QNB Egypt’s consolidated net profit rose 26.3% to EGP28.05 billion in the first nine months of 2026, while customer deposits climbed 22% to about EGP952 billion.
TD Bank received approval for C$10 billion Canadian share buyback
Canada’s banking regulator approved TD Bank’s plan to repurchase up to C$10 billion of shares, capped at 61 million shares, allowing the programme to commence on 9 October.
Malaysia's 1MDB and Deutsche Bank moved towards proposed US$1.1 billion settlement
Counsel said Malaysia's High Court had been informed of a proposed settlement process for 1MDB's US$1.1 billion Deutsche Bank lawsuit, with a hearing remaining on 26 October.