Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Raiffeisen wins €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.
EFG Holding secures $40 million EBRD loan for Egyptian businesses
EFG Holding secured a four-year, $40 million EBRD loan to expand financing for Egyptian micro, small and medium-sized enterprises across Egypt through eligible non-bank subsidiaries.
IMF and World Bank approve 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 announces 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.
IMF urges 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.
Société Générale raises profitability targets and sets 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.
Itaú agrees R$1.17 billion lease for São Paulo office complex
Itaú agreed a ten-year lease worth about R$1.17 billion for the full Esther Towers complex in São Paulo, with phased occupation planned as construction is completed.
Bolivia approves $1.9 billion IMF programme before final board review
Bolivia’s Congress approved a 36-month, $1.9 billion IMF programme, although the agreement still requires Executive Board approval and completion of agreed prior actions before funds can be released.
Jefferies-linked fund alleges Radiant World may hold just $10,000 in cash
A Jefferies-linked trade-finance fund alleged in court submissions that Radiant World may have held only $10,000 in cash despite audited accounts showing more than $200 million.
NSE’s $2.3 billion IPO reaches full subscription on second day
India’s National Stock Exchange drew bids above the 88.6 million shares offered on the IPO’s second day, with the entirely secondary sale expected to raise about $2.3 billion.
Investec forecasts higher first-half earnings as southern Africa offsets UK weakness
Investec forecast adjusted earnings per share of 41.7p to 43.3p for the first half, with Southern African profit growth expected to offset a weaker UK business.
UniCredit issues €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.