Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
South Africa was warned about upfront payback holiday risks on home loans
A Moneyweb opinion warned South African borrowers that home loans offering an upfront payback holiday still left capital owed, compressing repayment and raising affordability and interest-cost risks over the loan term.
Thailand's Government Savings Bank partnered with 10 AMCs to widen retail investments
Government Savings Bank partnered with ten asset management companies to broaden savings and investment choices for its 26 million customers, enabling investments aligned with individual risk appetites.
Truist Appointed Fiserv Executive Mike Lyons As Its New Chief Executive
Truist named Fiserv chief Mike Lyons as its next CEO, replacing Bill Rogers, and Lyons was set to begin on September 1 while Rogers moved to executive chair through April 2027.
Ghana International Bank named Ian Greenstreet as chief executive officer
Ghana International Bank appointed veteran financial services executive Ian Greenstreet as chief executive officer, subject to regulatory approval, as the London-based lender sought to deepen links between Ghana and international capital and trade flows.
Thailand's Government Savings Bank partnered with 10 AMCs to widen retail access
Government Savings Bank partnered with ten asset management companies to expand savings and investment choices for its 26 million customers, permitting retail investors to select products matched to their risk appetite.
Truist Named Mike Lyons as Next CEO, Bill Rogers Moved to Executive Chair
Truist named Fiserv chief Mike Lyons as its next CEO, with a Sept. 1 start date, replacing Bill Rogers, who became executive chair through April 2027, Banking Dive reported.
Indian Banks Faced Tricky Position After Raising FCNR(B) USD Deposit Rates
Indian banks sharply increased interest rates on FCNR(B) US dollar deposits, prompting risks that depositors would prematurely close existing deposits and roll over proceeds as fresh deposits.
ING Reduced Stake in Thailand's TMBThanachart Bank to 19.5 Percent
ING cut its stake in Thailand's TMBThanachart Bank from 23.1% to 19.5% via the Thai lender's share buyback, generating about €243 million in gross proceeds based on current exchange rates.
China's May credit data showed weak demand and ongoing household deleveraging
China's May credit figures showed new bank loans totaled 520 billion yuan, highlighting sluggish consumption, weak investment and continued household deleveraging despite a policy push to boost innovation.
Indian banks raised FCNR(B) dollar deposit rates, prompting rollover and liquidity concerns
Indian banks sharply raised interest rates on FCNR(B) US dollar deposits in the 3 to 5 year tenor, prompting depositors to consider premature closure and rollover that complicated funding plans.
Standard Bank and MTN Faced Backlash Over South African Anti-Immigrant Protests
Major South African firms including Standard Bank, MTN and Gold Fields faced backlash after anti-immigrant protests spread, prompting reputational, operational and political pressure across their African markets.
South African firms faced backlash over anti-immigrant protests including Standard Bank
South African companies including Standard Bank, MTN and Gold Fields faced growing political pressure as anti-immigrant protests spread across regions of Africa, prompting reputational and operational concerns for firms.