Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
First Abu Dhabi Bank confirms $500 million five-year notes issuance under EMTN programme
FAB's regulatory filing confirmed a $500 million five-year note due 2031 at a 5.456% coupon, after orders topped $1 billion.
South Africa signs $1 billion, 16-year loan with New Development Bank for municipal infrastructure
South Africa's National Treasury signed a $1 billion, 16-year loan with the New Development Bank to upgrade municipal infrastructure.
Citigroup lifts full-year ROTCE guidance above 11%, details $30 billion buyback
Citigroup CFO Gonzalo Luchetti raised full-year ROTCE guidance above 11% at Barclays' conference and gave an update on its $30 billion buyback.
Deutsche Bank buys back 2.19 million shares in latest weekly tranche of EUR 500 million programme
Deutsche Bank repurchased 2,192,965 shares between 7-11 September, taking total buybacks since 25 August to 5,121,715 shares.
Danske Bank buys back DKK 118.5 million of shares in week 37 of DKK 4.5 billion programme
Danske Bank repurchased 317,832 shares worth DKK 118.5 million in week 37, lifting cumulative buybacks to DKK 2.51 billion.
Bank of America sees Q3 investment-banking fees of $1.6-$1.8 billion, reiterates $250bn infrastructure pledge
BofA's Brian Moynihan flagged a Q3 investment-banking fee dip at Barclays' conference while reiterating a $250 billion infrastructure commitment.
Mizuho faces $100 million trade-finance exposure after Glencore disputes invoices
Mizuho Bank provided approximately $100 million of credit to Singapore commodity trader Radiant World against invoices that Glencore subsequently said it did not recognise.
Fitch affirms eight Qatari banks, lifts Rating Watch Negative, assigns negative outlooks
Fitch Ratings affirmed the long-term issuer default ratings of eight Qatari banks on 10 September, removing them from Rating Watch Negative and assigning Negative Outlooks that mirror the sovereign's AA/Negative profile.
China's banks shift into government bonds as mortgage and consumer lending contracts
Claims on the government reached 16.4 per cent of Chinese banks' total assets in July, up from 11.5 per cent five years earlier, as mortgage and consumer lending demand continued to weaken.
DBS rejects S$1.298 billion damages claim filed by liquidators of four 1MDB-linked companies
Singapore's largest lender said on 9 September that four companies in liquidation and their liquidators had filed a claim estimated at S$1.298 billion, which the bank categorically rejected and booked no provision against.
Sanlam secures regulatory approval for transactional banking, targeting phased South African rollout in 2027
Sanlam confirmed on Thursday it had received regulatory approval to offer transactional banking through GoTyme, with a soft launch from 1 November 2026 and phased rollout in the first quarter of 2027.
UBS confirms closure of Shenzhen fund sales unit in China from end-September
UBS confirmed on Thursday that UBS Fund Distribution (Shenzhen), which runs the WE.UBS digital wealth platform launched in 2022, will cease fund subscription and switching services at the end of September.