Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Santander raised interim dividend 10% alongside €3.7 billion remuneration plan
Santander approved a €0.127 interim dividend per share, 10% above last year, taking first-half shareholder remuneration to about €3.7 billion including its buyback for 2026 earnings.
Deutsche Bank set fees for Germany’s planned retirement savings account
Deutsche Bank plans to launch Germany’s subsidised retirement savings account on 1 January 2027, with total annual costs of 0.10% for two years before rising to 0.28%.
UK Consumer Borrowing Surged as Mortgage Approvals Hit Lowest Since December 2023
UK consumers borrowed a net £2.464 billion in August, the biggest monthly increase since records began in 1993, while new mortgage approvals fell to 54,918.
GTCO reported ₦603.03 billion half-year profit and declared ₦1 dividend
Nigeria’s GTCO reported first-half profit before tax of ₦603.03 billion, up 0.4% year on year, as stronger interest and trading income offset a ₦46.2 billion fair-value loss.
IAG agreed confidential resolution of A$2.8 billion Credit Suisse claim
Insurance Australia Group agreed to settle Credit Suisse proceedings over Greensill-linked insurance policies, in which the claimed amounts had an aggregate face value of about A$2.8 billion plus interest, under confidential terms.
Eurozone business loan growth eased to 4.2% in August, ECB reported
Adjusted lending growth to eurozone companies slowed to 4.2% in August from 4.4% in July, while household loan growth held at 3.1%, European Central Bank data showed.
West African Development Bank approved CFA157.5 billion regional financing package
The West African Development Bank approved CFA157.5 billion of new operations across six WAEMU economies, taking its cumulative financing commitments since 1973 to CFA10.99 trillion.
IMF Recast Lending Guidance Around Focused Reforms and Contingency Planning
The IMF completed its programme-design review with revised guidance favouring fewer, deeper reforms, stronger contingency planning and more systematic treatment of material programme implementation risks.
Singapore Finance Groups Pledged AI Training for 80,000 Local Workers
Twenty-three Singapore financial institutions collectively pledged to train more than 80,000 local employees in artificial intelligence by 2028 through a new industry-wide workforce development programme.
Bank of America announces 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.
Deutsche Bank completes €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 reorganises €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.