Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Citigroup Q2 2026 Net Income Jumps to $5.8 Billion on Record Revenue and 45% Equities Surge
Citigroup posted second-quarter net income of $5.8 billion on record revenue of $24.8 billion, with equities trading revenue climbing 45% year-on-year.
National Bank of Kuwait Posts H1 2026 Net Profit of KD 325 Million; Q2 Up 4.6% Year-on-Year
NBK reported first-half 2026 net profit of KD 325 million, with Q2 net profit of KD 189.3 million up 4.6% year-on-year, alongside a $750m Tier 1 sukuk.
JPMorgan Chase Posts Record Q2 2026 Net Income of $21.2 Billion on Visa Gain and Markets Strength
JPMorgan Chase reported record second-quarter net income of $21.2 billion, boosted by a $4.6 billion Visa stake gain and record markets revenue.
Bank of America Q2 2026 Net Income Rises 27% to $9.1 Billion on Record Equities and Deal Rebound
Bank of America reported second-quarter net income of $9.1 billion, up 27% year-on-year, on record equities trading and a rebound in investment banking fees.
Wells Fargo Q2 2026 Net Income Rises 17% to $6.4 Billion on Higher Net Interest and Fee Income
Wells Fargo posted second-quarter net income of $6.4 billion, or $2.00 a share, up 17% year-on-year on higher net interest and noninterest income.
Citigroup Lifts Dividend 12% to $0.67 and Unveils $30 Billion Buyback After Stress Test
Citigroup plans to raise its quarterly dividend to $0.67 per share and launch a $30 billion buyback after passing the 2026 Federal Reserve stress test.
Federal Reserve 2026 Stress Test: 32 Large US Banks Absorb $708 Billion in Losses
The Fed's 2026 DFAST found 32 large banks had enough capital to absorb nearly $708 billion in projected losses, with aggregate CET1 falling from 12.8% to 11.2%.
World Bank Approved Guarantee-Backed Financing Package for Argentina's Recovery Efforts
The World Bank approved a guarantee-backed financing package for Argentina, providing risk-sharing support intended to ease the country's financing pressures and to mobilize additional private sector participation.
United States Michigan Bank Completed Deal To Buy An In-State Rival
A Michigan bank completed a deal to acquire an in-state rival, consolidating local branches and operations, American Banker reported, a transaction that requires regulatory approval and alters regional market dynamics.
World Bank Approved $2 Billion Financing to Support Argentina’s Economic Reforms
The World Bank approved $2 billion in financing to back Argentina’s recently announced reform package, providing conditional support aimed at stabilizing public finances and restoring investor confidence.
HSBC Announced Partnership With Google Cloud Targeting 200 AI Use Cases
HSBC announced a multi-year collaboration with Google Cloud to build more than 200 AI use cases, prioritizing projects expected to deliver over US$100 million each in revenue or cost savings.
Goldman Sachs posted record $1 trillion in first-half M&A deal volume
Goldman Sachs reported it handled $1 trillion of mergers and acquisitions in the first half, a record dealmaking volume that reflected strong advisory activity and elevated corporate strategic transactions.