Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
India's Banks Raised FCNR B Deposit Rates, Creating Rollover Headaches
Several Indian banks sharply raised interest rates on FCNR(B) US dollar deposits in the 3 to 5 year tenor, prompting concern that depositors may prematurely close and roll over accounts.
UniCredit won support for Commerzbank takeover using Andrea Orcel’s tender tactics
FT reported that UniCredit won the backing of key shareholders for its lowball bid for Commerzbank after employing tender offer tactics devised by Andrea Orcel in a 21-month takeover battle.
Indian banks raised FCNR(B) USD deposit rates, creating rollover and exit risks
Indian banks sharply raised interest rates on FCNR(B) USD deposits in the three to five year tenor, prompting concerns about premature closures and rollovers that could complicate liability management.
Indian banks faced a tricky position after hiking FCNR(B) USD rates
Indian banks sharply raised interest rates on FCNR(B) USD deposits in the 3-5 year tenor, and depositors moved to prematurely break and roll over older deposits as fresh higher-rate placements.
UK Consumers Faced Highest Financial Fraud Losses in Four Years, Data Showed
UK consumer losses from financial fraud hit a four-year high in 2025, a development that increased pressure on banks to urge the government to force technology companies to tackle fraud.
US investment banks executed SpaceX's record IPO, convincing investors to back Musk
US investment banks persuaded investors to accept steep losses and concentrated voting control in Elon Musk to complete SpaceX's record IPO, overcoming skepticism about the company's long-term profitability and governance.
Italy's Intesa Sanpaolo launched bid for MPS, creating Europe's No 2 bank
Italy's Intesa Sanpaolo launched a formal takeover bid for Monte dei Paschi di Siena, a move that would make the combined group the second largest bank in Europe by assets.
US Wall Street Banks Orchestrated Largest Ever SpaceX IPO, Sources Reported
Wall Street banks persuaded investors to accept SpaceX's unconventional strategy and steep losses, securing sole control for Elon Musk while completing what became the largest IPO in history.
Intesa Sanpaolo launched takeover bid for MPS and reshaped Italian banking
Intesa Sanpaolo launched a bid to acquire Monte dei Paschi di Siena, in a move that would make it Europe’s second-largest bank and accelerate consolidation in the Italian banking sector.
Italy's Intesa Sanpaolo launched takeover bid for Monte dei Paschi, creating Europe's second-largest bank
Intesa Sanpaolo launched a formal bid for Monte dei Paschi di Siena, a move that would have positioned Intesa as Europe's second-largest bank and reshaped Italian banking consolidation dynamics.
South Africa's Rand Slid After World Bank Cut 2026 GDP Forecast
The South African rand slid after the World Bank cut its 2026 GDP growth forecast, stoking investor concern and renewed scrutiny of the country's near term economic outlook.
India saw lenders' home loan interest rates updated on Jun 12, 2026
The Hindu Business Line published a daily compilation of Indian lenders' home loan interest rates on Jun 12, 2026, providing a snapshot of current pricing for borrowers and market observers.