Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
UniCredit's pursuit of Commerzbank proved unexpectedly costly for the bank
UniCredit's strategy to acquire Commerzbank, led by Andrea Orcel, proved unexpectedly costly after a protracted and complex deal path, raising questions about strategic judgment and shareholder impact.
Former Citi executive said bank fired her after raising Trump concerns
A former Citi executive filed a lawsuit saying the bank fired her after she raised concerns about risk-management practices linked to Trump, alleging retaliation and weaknesses in the bank's internal controls.
Canara Bank Launched FCNR(B) Special Deposit Scheme for NRIs in India
Canara Bank launched an FCNR(B) Special Deposit Scheme offering up to 6.50% per annum on US dollar deposits, with tax benefits for NRIs and a loan facility against the deposits.
Indian banks offered outsized FCNR(B) returns and leverage to NRIs
Indian banks dangled unusually high interest and additional leverage on FCNR(B) deposits to attract nonresident Indians, a move that intensified competition for foreign currency deposits and raised regulatory questions.
ODNB Financial and National Capital Bancorp completed a $98M merger creating a $2.4B bank
ODNB Financial Corp. and National Capital Bancorp announced a $98 million merger that was set to create a $2.4 billion-asset bank with 10 branches across four states and Washington, D.C.
HDFC Bank Issues USD 750 Million Five-Year Senior Unsecured Bonds via GIFT City IFSC
HDFC Bank issued USD 750 million of five-year senior unsecured bonds through its GIFT City IFSC Banking Unit, tapping the international dollar market from India.
UniCredit's clever dealmaking proved unexpectedly costly in Commerzbank acquisition push
UniCredit’s CEO Andrea Orcel pursued a circuitous route to acquire Commerzbank, and the bank recorded unforeseen costs that underscored the expense of complex dealmaking and strategic maneuvering.
Indian PSU Banks Reported Sharp Rise in Green Deposits in FY26
State Bank of India raised ₹317.39 crore through green deposit products in FY26, with outstanding green deposits at ₹218 crore as of March 31, 2026, while PSU banks increased allocations.
Government Savings Bank Partnered with 10 AMCs to Expand Investment Options
Government Savings Bank partnered with ten asset management companies to expand savings and investment choices for its 26 million customers, allowing customers to select products aligned with their risk appetites.
HDFC Bank planned dollar bond sale under subsidised scheme, eyed over $500 million
HDFC Bank planned to sell a five-year dollar bond under a new subsidised scheme and expected to raise more than $500 million amid strong investor demand.
Government Savings Bank partnered with ten AMCs to broaden Thai retail access
Government Savings Bank partnered with 10 asset management companies to give its 26 million customers wider savings and investment options, enabling them to choose funds aligned with individual risk appetites.
Citi appointed JianXun Toh as corporate banking head for Japan Asia North and Australia
Citi appointed JianXun Toh as head of corporate banking for Japan, Asia North and Australia, reflecting an internal leadership realignment across its regional corporate banking operations.